SBMA NewsBy Albert Cheng, CEO, SBMA
SBMA hopes that our members and friends have had a good start to 2020. The secretariat had been busy making arrangements for the now-cancelled 4th APPMC, and is now making contingency plans for our activities for the rest of the year. In his address to the nation on 12 March 2020, Singapore Prime Minister Mr Lee Hsien Loong said that Covid-19 will be with us for a long time and that the economy will take a big hit. He further said that we will be in this high-risk state for some time to come. In view of the circumstances, the SBMA Management Committee has taken a measured decision to cancel APPMC this year. We hope you will continue to support us and the next APPMC, scheduled for June 6–8, 2021.
Here’s an update of our activities in the first quarter of the year:
CEO Albert Cheng represents SBMA at the Asia Financial Forum (AFF) in Hong Kong.
Conference call with an international exchange to discuss the possibility of them to become a benchmarking service provider for SBMA Benchmark Gold Price.
Meeting with TradAir to discuss and work on SBMA’s strategy and development plans for 2020–2023.
During the quarter, we scheduled meetings with the following companies: Arihant Jewellers Pte Ltd, Cynopsis, Finews.Asia, Global Precious Metals, Hubilo, Incrementum, Loomis International, Malca-Amit, Matterhorn Asset Management, Metal Market Asia, NASDAQ, TOCOM, TradAir, Virtu Financial and World Gold Council on membership and matters related to market development.
As of end 2019, SBMA total membership consists of 45 companies, including three Category 1 members, 31 Local Associate Corporate members, nine Foreign Associate Corporate members, and two Affiliate members. Updated membership numbers for 2020 will be released in the next issue of Crucible.
SBMA is monitoring the upcoming events below, given the uncertainty surrounding the Covid-19 outbreak. For more up-to-date information, please check our website or with the conference organiser.
During the third week in May each year, representatives of the platinum industry gather in London, England for what has become known as Platinum Week. London is a historically significant trading centre for PGM where many of the properties and technical applications of PGM were first developed.
Arrangements for Platinum Week 2020 are ongoing. However, in light of the Covid-19 outbreak, LPPM is monitoring developments and will advise members by mid-March as to whether the events will take place.
As the largest precious metal event in China, China Gold is the premier display platform for gold in the country. The exhibition is also the premier platform for showcasing gold industry trends and promoting investment and trading in gold.
Please visit http://en.china-gold.org/ for registration and event details.
More information, updates and details are available at www.goldconvention.in/
Senior representatives from all sectors of the precious metals market will meet in Lisbon, Portugal, for the premier event in the industry. Please visit www.lbma.org.uk for registration and event details.
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