SBMA News
By Albert Cheng, CEO, SBMAPublished on September 25, 2017
Though the inaugural Asia Pacific Precious Metal Conference (APPMC) – SBMA’s biggest event of the year – is over, we’ve been busy following up with stakeholders both within and outside the Asean region as part of the organisation’s efforts to open up regional markets, as well as to progress our agenda. Here is an update of our activities.
June 4-6
SBMA organises its inaugural Asia Pacific Precious Metal Conference with International Enterprise (IE) Singapore. The conference aims at developing and strengthening a unified body in Southeast Asia for the bullion market. See Page 14 for a summary of the event.
June 22-25
SBMA CEO Albert Cheng represents the organisation at the Hong Kong Jewellery & Gem Fair.
June 26
Following the MOU signed at APPMC, SBMA holds discussions with The Chinese Gold & Silver Exchange Society (CGSE) on how it could assist the Myanmar Federation of Mining Associations (MFMA) and CGSE’s collaboration on the development of Myanmar’s gold market.
July 10
Launch of LMEprecious, an initiative by the London Metal Exchange (LME), the World Gold Council and a group of leading industry players to introduce exchange-traded, loco London precious metals products.
July 12
LME joins SBMA as Foreign Associate Member. Read more at bit.ly/2ugBtxm.
July 19
CEO Albert Cheng attends the launch of LMEprecious.
July 24
Executive Director Hawk Namiki and Chair of Finance Committee KL Yap attends the Local Enterprise Association Development (LEAD) forum, a key annual platform for trade associations and chambers (TACs) to network, share experiences as well as explore potential partnerships.
August 11-13
Executive Director Hawk Namiki represents the organisation at the 14th India International Gold Convention in Goa. The three-day event is a platform for the Indian bullion industry to discuss its challenges, articulate possible solutions and set an agenda for the its development.
August 28
SBMA holds Management Committee meeting.
September 12
LME holds inaugural Singapore Gala, welcoming 27 market from the past two years participants based in Asia, and to reflect the importance of the region for metals trading. The gala will provides a forum for discussion on the state of the precious metals market and the Asia-Pacific region, including economic analysis and debate.
September 26
SBMA holds seminar – The Role of Gold as an Asset Class for the Private Wealth Industry.
Exploratory Meetings
- ANZ (20 June)
- World Gold Council (3 July)
- Copernicus Gold & London Metals
- Exchange (5 July)
- C. Steinweg (7 July)
- Crédit Agricole (18 August)
- HSBC (18 August)
Membership
Onboarding of the London Metal Exchange.
SBMA’s current membership consists of 37 companies, including three Category 1 members, six Foreign Associate Corporate members and 28 Local Associate Corporate members
Upcoming Events
Senior representatives from all sectors of the precious metals markets will meet in Barcelona, Spain, for the premier event in the industry, now in its 18th year. Please visit www.lbma.org.uk for registration and event details.
The theme of this year’s conference is “Silver’s Evolving Role in Science and Technology”.
More information on the event at https://www.lme.com/news-and-events/events/metals-seminar.
More informational on the event at http://www.precioussummit.com/event/2017-summit-zurich.
More informational on the event at http://www.precioussummit.com/event/2017-summit-zurich.
SBMA is proud to be the industry partner of Symposium. Registration and details at http://symposium.net.au.
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