The Singapore Bullion Market Association (SBMA) is a non-profit member-driven organisation that represents our members from the precious metals industry, including but not limited to bullion banks, exchanges, refineries, trading firms and logistics companies. The Association plays a pivotal role in the development of Singapore as an ASEAN precious metals hub and a global centre of connectivity for precious metals.
SBMA was formed in December 1993 by 16 corporate members from the precious metals industry. It started operations in early 1994 to engage the Goods & Services Tax (GST) Working Committee in discussions relating to the exclusion of GST on precious metals, and to develop Singapore as a bullion centre in the Asia-Pacific region.
SBMA provides market knowledge and advice to relevant ministries and government agencies both in Singapore and ASEAN. It helps to create a conducive business environment for the precious metals sector in Singapore and the Asia Pacific region. It also coordinates and organises conferences, seminars, networking events and business missions in Singapore and the region for its members, so they can connect and share best practices and industry know-how with their peers.