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Editorial

By Albert Cheng, CEO, SBMA

The past year has been a very different and difficult time for the global economy. However, businesses are still actively seeking to connect and build relationships during this trying period, and SBMA has been helping to facilitate such activities. As the global economy picks up and seeks to normalise, we are pleased to share that SBMA has kept active engagements with businesses in the precious metals industry.

At the start of the year, the bullion players in Singapore met in person after almost a year for a hybrid event by the World Gold Council, organised with the help of SBMA, which discussed gold’s performance over the past year and the market outlook for 2021 (click here for a summary of the event).

We are also heartened to welcome five new foreign members to the Association this quarter: Certiline, Metals Focus, Phu Nhuan Jewelry Joint Stock Company (PNJ), The Perth Mint and Trovio. This is another showcase of our global reach and active efforts in promoting Singapore as a precious metals trading hub for bullion players in the region.

With the gradual reopening of the global economy, SBMA will step up our efforts to engage with the bullion community in Singapore and the region. We look forward to building Singapore into the leading global precious metals trading hub and continue to serve as the bridge between regulators and the bullion industry.

I look forward to gathering in person with the industry again, to share and exchange ideas. In the meantime, please enjoy this issue of Crucible, in which where we share valuable country and market updates by contributors from Australia, Hong Kong, India, Japan, Singapore and Thailand.



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