SBMA NewsBy SBMA
The SBMA team would like to wish our members and friends a wonderful festive season and a
very Happy New Year. We would also like to thank our contributors and sponsors for your continued
support over the year and are looking forward to our continued partnership in 2023.
Here is an update of SBMA’s activities in the past quarter:
SBMA CEO Albert Cheng was invited to the Gold Futures (FGLD) relaunch ceremony on 19 September 2022 at Bursa Malaysia, Exchange Square, Kuala Lumpur. He also spoke on the panel titled, “Is Gold a Safe Haven in a Volatile and High-Interest Rate Environment?” where he discussed the effects of the Federal Reserve’s rate hike on gold prices.
SBMA was one of the signatories at the declaration signing at the October LBMA/LPPM Conference on the LBMA/WGC Gold Industry Declaration of Responsibility and Sustainability Principles. Read page 6-7 for the conference’s highlights.
SBMA supported the Hanoi Market Forum, organised by the Vietnam Gold Traders Association and the World Gold Council. The event concluded successfully, with 81 delegates joining the session.
SBMA held its 2022 Annual General Meeting (AGM), which was followed by a cocktail reception to thank members for their continued support.
SBMA members at the 2022 AGM, held at Hotel InterContinental Singapore.
SBMA formed a high-level delegation to Jakarta to build its regional network and help members access more business opportunities with counterparts in Indonesia.
SBMA member MTS Gold Group’s Thailand-based subsidiary, MTS Capital Co., Ltd has become Asia Pacific Exchange’s (APEX) first Foreign General Member.
MTS Capital was Thailand’s first broker to receive the Best Derivative House Award and the Outstanding Derivative House Award three years in a row from the Stock Exchange of Thailand. With this membership, MTS Capital is now the first Thai Broker to offer global derivative access to both CME and APEX. The partnership with APEX brings a new level of investing in the Thailand derivative markets and marks another milestone in MTS Gold Group’s Global trading connectivity.
MTS Capital is an active participant in the global OTC and Derivative markets in precious, base and ferrous metals. It works directly with many global exchanges, Tier 1 Investment Banks and Bullion banks.
MTS Gold is also a leading player in Thailand’s gold industry, with a comprehensive gold trading platform and active as a liquidity provider and market maker in the precious (gold, silver) base and, ferrous metals exchange-traded markets.
MTS Gold Group businesses encompass five main lines: precious metals, jewellery, refining, financial and global trading solutions, making it a “one-stop” precious metals investment house in the ASEAN region.
SBMA congratulates member company BR Metals – an industry-leading specialist in the recycling of Platinum Group Metals (PGM) and one of Asia’s largest processors of end-of-life catalytic converters – for clinching the top spot at the Enterprise 50 2022 Awards. Co-organised by The Business Times and KPMG, E50 recognises the 50 most enterprising local privately held companies that have contributed to Singapore’s economic development, both at home and abroad.
ACE Capital Growth Sdn Bhd, Best Profit Capital Limited, CPC Resources Limited and Public Gold Marketing Sdn Bhd were recently onboarded as Foreign Associate Corporate members, and Strategic Wealth Preservation was onboarded as an Affiliate Associate Corporate member.
SBMA’s total corporate membership currently consists of 60 companies, including 3 Category 1 members, 36 Local Associate Corporate members, 18 Foreign Associate Corporate members, and 3 Affiliate members.
We thank Jos van Wegen for his invaluable contribution toward SBMA over the years, and we wish him all the best on his much-deserved retirement with his loved ones.
– from the SBMA team
The annual APPMC, organised by the SBMA and supported by Enterprise Singapore, will next take place on 4-6 June 2023 in Singapore. Remember to mark your dates and we hope to see you then.
More information, updates and details of past conferences are available at: http://www.asiapacificpmc.com
Register now for the 23rd LBMA/LPPM Global Precious Metals Conference, with three days of high-profile speakers, fascinating panel sessions, and unrivalled networking opportunities, held in the cosmopolitan capital of Spain’s Catalonia region.
Please visit https://www.lbma.org.uk/events/lbma-lppm-global-precious-metals-conference-2023 for registration and event details.
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