Singapore Bullion Market Association

Website Sponsor
Singapore Bullion Market Association Mustafa

February 13, 2025, Singapore

SBMA Members Engagement: Visit to Mustafa’s Pte Ltd

The SBMA Secretariat had the privilege of visiting our member Mustafa Pte Ltd last week and meeting with Mr Mustaq Ahmad, the founder of Mustafa himself and Mr Ronnie Faizal Tan, Overseas Project in Charge.
FIND OUT MORE
Singapore Bullion Market Association Members Engagement SBMA Visits HydraX Pte Ltd

February 19, 2025, Singapore

SBMA Members Engagement: SBMA Visits HydraX Pte Ltd

As part of our ongoing member engagement initiatives, the SBMA Secretariat had the pleasure of visiting HydraX.
FIND OUT MORE

Member Exclusive Events

SBMA Delegation to Laos

Find out more

SBMA JBMA Tokyo

Find out more

SBMA 2024 Annual General Meeting

Find out more

Newsroom

Singapore Bullion Market Association Members Engagement SBMA Visits HydraX Pte Ltd

February 19, 2025, Singapore

SBMA Members Engagement: SBMA Visits HydraX Pte Ltd

As part of our ongoing member engagement initiatives, the SBMA Secretariat had the pleasure of visiting HydraX.
FIND OUT MORE
Singapore Bullion Market Association Mustafa

February 13, 2025, Singapore

SBMA Members Engagement: Visit to Mustafa’s Pte Ltd

The SBMA Secretariat had the privilege of visiting our member Mustafa Pte Ltd last week and meeting with Mr Mustaq Ahmad, the founder of Mustafa himself and Mr Ronnie Faizal Tan, Overseas Project in Charge.
FIND OUT MORE
Singapore Bullion Market Association Members Engagement: Visit to SEA Bullion Pte Ltd

February 12, 2025, Singapore

SBMA Members Engagement: Visit to SEA Bullion Pte Ltd

As part of our ongoing members’ outreach initiative, the SBMA Secretariat had the pleasure of visiting our member, SEA Bullion, last week. A special thank you to Khun Yong for the warm hospitality and for hosting us at your office.
FIND OUT MORE
Singapore Bullion Market Association Dubai Business Group for Bullion and Gold Refinery

February 11, 2025, Singapore

Dubai Business Group for Bullion and Gold Refinery (DBRG) Official Launch

On behalf of SBMA, we extend our warmest congratulations to Dubai Bullion & Refinery Group (DBRG) on its official launch today, February 11, 2025.
FIND OUT MORE
Singapore Bullion Market Association Celebrating the Year of the Snake with Integral Software Singapore

January 23, 2025, Singapore

Celebrating the Year of the Snake with Integral Software Singapore

The SBMA team had a wonderful time at Integral Development Corp.‘s appreciation drinks and Louhei yesterday. Thank you for your warm hospitality and continued support of SBMA.
FIND OUT MORE

January 22, 2025, Singapore

3rd WGC-SBMA Academy 2025: Gold Industry Training Programme Highlights

We sincerely thank all participants, speakers, and panellists for making this event a truly enriching experience. A special thank you to Enterprise Singapore for graciously hosting us!
FIND OUT MORE
Singapore Bullion Market Association SBMA CEO Albert Cheng Shares Insights on Gold Investment for 2025 on BT Money Hacks Podcast

January 20, 2025, Singapore

SBMA CEO Albert Cheng Shares Insights on Gold Investment for 2025 on BT Money Hacks Podcast

SBMA CEO Albert Cheng recently joined Howie Lim on the Money Hacks podcast by The Business Times, alongside Robin Tsui, APAC Gold Strategist at State Street Global Advisors SPDR. The episode dives deep into the fascinating world of gold investment, offering a wealth of insights and practical advice on why gold remains a reliable investment and what to watch for in 2025.
FIND OUT MORE
SBMA Visits Mahesh & Co as Part of 2025 Member Engagement Initiatives

January 20, 2025, Singapore

SBMA Visits Mahesh & Co as Part of 2025 Member Engagement Initiatives

As part of our ongoing 2025 Members Engagement Initiatives, the SBMA Secretariat, together with Vice-Chairman Vinh Nguyen from StoneX Group Inc., recently visited our valued member, Mahesh & Co Pte Ltd. This visit provided an excellent opportunity to deepen our understanding of Mahesh & Co’s operations, challenges, and aspirations within the precious metals industry.
FIND OUT MORE
Singapore Bullion Market Association MKS PAMP Introduces New Cast Bars Design Leveraging Pioneering AI-Powered Technology

December 19, 2024, Geneva

MKS PAMP Introduces New Cast Bars Design Leveraging Pioneering AI-Powered Technology

SBMA congratulates MKS PAMP on taking this bold but significant step forward in setting the highest standards of quality and integrity in precious metals.
Well done, MKS PAMP!
FIND OUT MORE
Singapore Bullion Market Association KIS Asia Gold (Ask) Premiums and LBMA PM (US$:oz)

December 19, 2024, Singapore

Team SBMA & KIS wishes you a Merry Christmas

A big thank you to our friends from KIS (Kallanish Index Services) for joining us for a Christmas lunch and for your continued support in driving Singapore’s gold hub development.
FIND OUT MORE
Singapore Bullion Market Association - Team SBMA wishes you a Merry Christmas

December 16, 2024, Singapore

Team SBMA wishes you a Merry Christmas

May this Christmas season bring you joy, warmth, and cherished moments with your loved ones. Here’s to a festive season filled with happiness and a prosperous 2025 ahead!
FIND OUT MORE
3rd WGC-SBMA GOLD INDUSTRY TRAINING PROGRAMME

December 13, 2024, Singapore

3rd WGC-SBMA Gold Industry Training Programme - Registration Closed

Following two successful runs of the Bullion Market Academy by the WGC-SBMA in recent years, we are pleased to inform you that we will run the programme again for its 3rd edition on 14th January 2025.
FIND OUT MORE
Singapore Bullion Market Association SBMA at CME Group Exclusive Metals Networking Reception

December 11, 2024, Singapore

SBMA at CME Group Exclusive Metals Networking Reception

CEO Albert Cheng and Business Director Margaret Wong attended the CME Group Exclusive Metals Networking Reception. Thank you, CME Group, for hosting and inviting SBMA to this event.
FIND OUT MORE

December 4, 2024, Singapore

Global Precious Metals Annual Christmas Party

Thank you to Global Precious Metals for hosting SBMA at your wonderful Christmas party on Wednesday evening.
FIND OUT MORE
Singapore Bullion Market Association SBMA 2024 Annual General Meeting

November 29, 2024, Singapore

SBMA 2024 Annual General Meeting

SBMA would like to extend our gratitude to the team at The Reserve and Silver Bullion for making our AGM on November 29, 2024, a resounding success.
FIND OUT MORE
SBMA at Japan Bullion Market Networking Party (JBMA) 2024

November 20, 2024, Tokyo, Japan

SBMA at Japan Bullion Market Networking Party (JBMA) 2024

On November 20, 2024, the SBMA team attended the Japan Bullion Market Networking Party in Tokyo.
FIND OUT MORE
SBMA Visits Brinks Japan

November 19, 2024, Tokyo Japan

SBMA Visits Brinks Japan

The SBMA team had the pleasure of visiting Brink’s Japan Ltd. for a tour of their impressive facility and a meaningful catch-up with our valued member in Japan.
FIND OUT MORE
SBMA at Women in Platinum Group Metals (WiPGM) Round Table 3

November 19, 2024, Tokyo, Japan

SBMA at Women in Platinum Group Metals (WiPGM) Round Table

SBMA’s Margaret Wong and Clara Chang joined Wilmar Swarts at the Women in Platinum Group Metals (WiPGM) Round Table in Tokyo.
FIND OUT MORE
Singapore Bullion Market Association Newsroom A Catalyst for Global Connectivity

November 14, 2024, Jakarta, Indonesia

SBMA: A Catalyst for Global Connectivity

Indonesia’s successful adoption of a comprehensive bullion regulatory framework is a testament to the power of collaboration. SBMA remains committed to supporting Indonesia and other ASEAN economies in their journey to build robust, trusted, and globally competitive bullion markets.
FIND OUT MORE

October 13-15, 2024, Miami, Florida USA

LBMA/LPPM GLOBAL PRECIOUS METALS CONFERENCE 2024

LBMA/LPPM Global Precious Metals Conference 2024 was held at The Diplomat in Miami.

FIND OUT MORE

October 9, 2024, Vientiane, Laos

SBMA Signs MOU With Lao Bullion Bank (LBB) to Strengthen Cooperation and Develop the Precious Metals Hub in Laos

The Singapore Bullion Market Association (SBMA) signed a Memorandum of Understanding (MoU) with Lao Bullion Bank Co., Ltd (LBB) on October 9, 2024. The signing occurred during the ASEAN Business & Investment Summit (ABIS), held from October 8-11, 2024, at the Landmark Hotel in Vientiane, Laos.

FIND OUT MORE
Singapore Bullion Market Association

September 23, 2024, Singapore

SBMA Delegation to Laos Cancelled

We regret to inform our members that the SBMA Delegation to Laos, initially scheduled for October 2024, has been cancelled due to unforeseen circumstances. We understand the anticipation surrounding this event and apologise for any inconvenience this may cause. Your support and understanding are greatly appreciated.
FIND OUT MORE
Singapore Bullion Market Association Management and Lao Bullion Bank Discuss Plans

September 4, 2024, Singapore

SBMA Management and Lao Bullion Bank Discuss Plans for Upcoming Laos Delegation

The Singapore Bullion Market Association (SBMA) is finalising preparations for its exclusive member-only delegation to Laos. In a recent meeting with representatives from Lao Bullion Bank and PTL Holding at Metalor, key details were discussed to ensure a meaningful experience, including a tour of Singapore’s only LBMA-accredited gold refinery.
FIND OUT MORE
Singapore Bullion Market Association

September, 2024

Welcoming Five New Associate Members to SBMA in Q3 2024

The Singapore Bullion Market Association (SBMA) is delighted to welcome five new companies as corporate members this quarter, reflecting the continued growth of our association and the expansion of Singapore’s role as a leading precious metals hub in Asia Pacific.
FIND OUT MORE
Singapore Bullion Market Association congratulates Silver

August 22, 2024, Washington, DC

SBMA congratulates Silver Institute newly elected new officers

Mr. Octavio Alvidrez, CEO of Fresnillo Plc, has been elected Chairman of the Silver Institute by its membership. Mr. Dale Andres, CEO of Gatos Silver, was elected Vice Chairman of the Silver Institute.
FIND OUT MORE
Singapore Bullion Market Association

August 21, 2024, Singapore

SBMA Explores Strategic Collaboration with Laos Bullion Bank

Some SBMA Management Committee members had an Introductory meeting, during which they discussed the upcoming October Laos Forum objectives and agenda with members from the Laos Bullion Bank.
FIND OUT MORE
SBMA-MTS-Gold-Group-K-Plus

August 19, 2024, Thailand

Congratulations to our SBMA member, MTS Gold Group, on their exciting partnership with KBank

MTS GOLD has partnered with KBank to offer a new channel for online gold investment in US dollars through “K PLUS” for the first time.
FIND OUT MORE

August 9-11, 2024, Setia Spice Convention Centre, Penang

Penang Signature Gold, Gems & Jewellery Fair (PSG) 2024

The Singapore Bullion Market Association (SBMA) Chairman KL Yap, Business Director Margaret Wong, and Marketing Executive Clara Chang visited the Penang Signature Gold, Gems & Jewellery Fair. Chairman also presented at the International Gold & Jewellery Summit 2024.
FIND OUT MORE
Singapore Bullion Market Association August 9 National Day

August 9, 2024, Singapore

Celebrating Singapore’s 59th National Day: A Message from SBMA

As Singapore marks its 59th National Day, the Singapore Bullion Market Association (SBMA) joins the nation in celebrating this momentous occasion.
FIND OUT MORE

July 26-28, 2024, National Convention Center (Shanghai), China

China Gold Congress and Expo 2024

A few of our SBMA Management Committee members attended the China Gold Congress and Expo 2024 in Shanghai, which was organized by the China Gold Association and World Gold Council.
FIND OUT MORE

July 22, 2024, Singapore

SBMA proudly congratulates Frank C., managing director, BR Metals Pte Ltd

SBMA proudly congratulates Frank C., managing director at BR Metals Pte Ltd, on being named one of the 18 entrepreneurs to win the ASME Entrepreneur of the Year Award in Singapore.
FIND OUT MORE

July 11, 2024, MBS Expo and Convention Centre Halls, Singapore

Singapore International Jewelry Expo (SIJE) 2024

CEO Albert Cheng, along with business director Margaret Wong and marketing and communications executive Clara Chang, attended the Singapore International Jewelry Expo (SIJE) 2024.
FIND OUT MORE

July 5, 2024, Singapore

HydraX team presents at MC meeting

The HydraX team approached SBMA with a request to pitch and present to our management committee, discuss potential collaborations, and explore synergies between our organizations.
FIND OUT MORE

June 13, 2024, Singapore

SBMA x KIS

The SBMA team met with the Kallanish Index Services (KIS) team.
FIND OUT MORE

Upcoming Events

26

AUG

Crown Towers, Sydney

The Australian Gold Conference 2024

Find out more

20

NOV

Tokyo, Japan

JBMA 2024

Find out more

29

NOV

Singapore

AGM

Find out more

20

NOV

Tokyo, Japan

Japan Bullion Market Networking Party 2024

Find out more

25

APR

Radisson Blu Palace Resort & Spa, Udaipur, India

India Silver Conference

Find out more

15

JUN

Shangri-La Singapore Hotel

Asia Pacific Precious Metals Conference 2025

Find out more

7

JUL

Shanghai

Shanghai Platinum Week 2025

Find out more

12

SEP

Novotel & Pullman Aerocity New Delhi, India

India Gold Conference

Find out more

26

OCT

The Okura, Kyoto, Japan

LBMA/LPPM Global Precious Metals Conference 2025

Find out more

Singapore Bullion Market Association Secretariat-Lee-Jia-Yi

Lee Jia Yi

OPERATIONS & ADMIN EXECUTIVE
Before joining SBMA, Jia Yi worked as an Admin & Reporting Officer in her previous role. She holds a Diploma in Business & Social Enterprise from Ngee Ann Polytechnic. Jia Yi is responsible for managing and maintaining physical and digital files in SBMA, supporting invoicing processes, reconciling receivables and payables, coordinating meetings and conferences. Additionally, she will provide support to the team and assist the Business Director in managing the Association’s office operations and general administrative activities.

SECRETARIAT SBMA-Emily-Oh

Emily Oh

OPERATIONS & ADMIN EXECUTIVE
Emily Oh is the Operations & Admin Executive, a seasoned professional who values teamwork and effective communication. She is skilled at adapting to new challenges and takes a proactive and resourceful approach to every task. Before joining SBMA, Emily had experience coordinating international travel arrangements and spearheading community initiatives. Her role at SBMA will be providing operational and administrative support for projects and other matters to the team.

SECRETARIAT SBMA Clara-Chang

Clara Chang

MARKETING & COMMUNICATIONS EXECUTIVE
Clara Chang joins SBMA as the Marketing & Communications Executive, enriching the team with her extensive experience in content creation, social media management, and digital marketing. Prior to joining SBMA, Clara held the position of Marketing Executive at her previous job. She holds two bachelor’s degrees from the University at Buffalo, one in International Trade and another in Geographical Information Science. Her core duties will include maintaining the SBMA website, managing the quarterly Crucible newsletter, among other responsibilities.

SBMA Committee-Photo-john-levin

Mr John Levin

Global Metals
TD Securities
John Levin is the Head of Metal Sales & Trading – APAC at the Toronto Dominion Bank’s Singapore office. Prior to this role, he devoted seven years to leading precious metal sales for the ANZ banking group in his home country, Australia. Notably, from 2009 to 2011, John played a significant role on the management committee of the London Bullion Market Association while serving as the Head of Precious Metals Sales for HSBC Global Banking and Markets in the UK.

SBMA Secretariat-Fabian-Lew

Fabian Lew

MARKETING & COMMUNICATIONS OFFICER

Fabian was a Business Development and Marketing Associate before joining SBMA. He graduated from Singapore Management University with a Bachelor’s degree in Economics.

He has joined SBMA since February, 2022.

SBMA-margare-secretariat

Margaret Wong

BUSINESS DIRECTOR

Margaret Wong, Business Director at SBMA (Singapore Bullion Market Association), brought valuable experience from her previous role at the World Gold Council (WGC). Her tenure at WGC provided her with extensive exposure to the gold community in Singapore and the broader region. This background has been instrumental in establishing strong working relationships within the industry.

Margaret’s role at SBMA encompasses a diverse range of responsibilities. She oversees office management, business support processes, finance, and administrative functions essential for the smooth operation of the team and management committee. Additionally, Margaret handles membership matters, member communications, and addresses public inquiries related to SBMA.

One of Margaret’s key responsibilities is coordinating with the Event Management Company for SBMA’s prestigious annual event, the Asia Pacific Precious Metals Conference. This flagship conference plays a crucial role in the industry, making her involvement pivotal in its success.

Described as resourceful and self-motivated, Margaret Wong brings a wealth of skills and experience to her role at SBMA, ensuring efficient operations and effective engagement within the precious metals community in Singapore and beyond.

SBMA-Albert-secretariat

Albert Cheng

Chief Executive Officer

Albert Cheng joined the World Gold Council in March 1993 as a Regional Manager, becoming Managing Director, Far East in 2003. He retired at the end of March 2015 and was subsequently named its Advisor. He has also been an International Advisor to the Shanghai Gold Exchange since 2002.

His marketing career began with Dentsu Young & Rubicam, Hong Kong in the early 80’s. He began gold marketing in July 1985 when he joined the Royal Canadian Mint as a Regional Manager for Southeast Asia.

He was appointed honorary CEO of SBMA in November 2015. He is responsible for the success and strategic development of SBMA, represents the interests of the Association, and is responsible for all the legal and regulatory aspects of the work of the Association. He is the primary contact for regulators and government bodies on bullion market development.

Ms Pawan Nawawattanasub

Ms Pawan Nawawattanasub

CEO
YLG Bullion Singapore Pte Ltd

Pawan is the CEO of YLG Bullion Singapore and founder of YLG Bullion International. She has almost 40 years of experience in the jewellery industry and established YLG in Thailand in 2003. In 2012, she brought YLG to Singapore. She sits on the Board of Directors of the Thailand Gold Traders Association, the Thailand Futures Exchange’s Arbitration Committee, and the Rotary Bangkok committee. She holds a master’s degree in Political Science.

SBMA-Shaokai-Fan

Mr Shaokai Fan

Head of Asia-Pacific (ex China) and Global Head of Central Banks
World Gold Council
Shaokai Fan is the Global Head of Central Banks at the World Gold Council, responsible for advising governments on gold matters, and enhancing the gold market through engagement, dialogue, and thought leadership. He works directly with central banks and sovereign wealth funds on investment considerations. Prior to this position, Shaokai held multiple roles at Standard Chartered Bank, including Director for Asia Strategic Initiatives and Associate-Director for Public Sector coverage. Shaokai holds a Masters of Public Administration from Columbia University and the London School of Economics, and an undergraduate degree in finance and economics from New York University.

SBMA-Committee-Alan-Liew

Mr Alan Liew

Head of Bullion & Commodities Trading
United Overseas Bank Limited
Alan is Head of Bullion and Commodities Trading for Group Trading in Global Markets, United Overseas Bank (UOB). Alan joined UOB and started the bank’s commodities trading business in 2014, previously he spent eight years in Standard Chartered Bank (SCB) trading both precious and base metals. During his tenure at SCB, he obtained the SGE gold trader licence and was part of the pioneering team for the SGE business and the FX quantitative trading team. Prior to trading, he worked for Monetary Authority of Singapore in the Financial Risk Management Division. He holds a BSc (Hon) in Computer Science at National University of Singapore and a MSc in Financial Engineering at Nanyang Technological University.

SBMA-Committee-Nikos

Mr Nikos Kavalis

Managing Director
Metals Focus Singapore Pte Ltd
Nikos Kavalis is a founding partner of Metals Focus. He has over 20 years of experience in precious metals, having previously worked for the Royal Bank of Scotland and GFMS. Since September 2019, Nikos has been based in Singapore, where he also runs the local subsidiary of Metals Focus.

SBMA-Committee-khun nuttapong

Mr Nuttapong Hirunyasiri

CEO
MTS Gold Global Trading Pte Ltd
Nuttapong Hirunyasiri is the CEO of MTS Gold Group, one of Thailand’s top 10 companies and top 3 bullion companies. He started MTS Gold Group’s first overseas office in Singapore and has been expanding the group business internationally. He focuses on product development and innovation for gold investment, with the aim of being a leader in providing the full suite of gold investment services in the ASEAN region.

SBMA Committee-Photo-Raman-Walia

Mr Raman Walia

Executive Director, Head of Commodities Sales – APAC
JP Morgan Chase Bank N.A.

Raman is Executive Director and Head of Commodities Sales, APAC, for J.P. Morgan. He joined JPMorgan in 2008 in New York, moved to Singapore in 2011, and helped expand the precious metals business in the region. Raman has an MBA from Cornell University, and likes to travel in his spare time.

SBMA Committee-Photo-Andrew-Clarke

Mr Andrew Clarke

Head of Brink’s Global Services
Brink’s Global Services Pte Ltd

Andrew Clarke is the Head of BGS (Brink’s Global Services) for Singapore, Indonesia, Malaysia and Brunei. He has held various leadership positions throughout his career in secure logistics and risk management with Brink’s, which started in Hong Kong in 2010. Andrew relocated to Singapore in 2018 to expand the precious metals line of business along with Brink’s portfolio of services and industries.

SBMA Committee-Photo-Kazuya-Naoki

Mr Kazuya Naoki

Head of Metals, Asia
ICBC Standard Bank Plc, Singapore Branch

Kazuya (Kaz) Naoki is the Head of Metals, Asia of ICBC Standard Bank in Singapore and is responsible for the precious & base metals sales and trading in the region. He joined Standard Bank Plc Tokyo Branch in 2008 and was relocated to its Singapore Branch in 2013 whose controlling stake was acquired by the Industrial and Commercial Bank of China in 2015. Prior to joining Standard Bank, Kaz spent 11 years focusing on commodity trading and risk management with Mitsui & Co in Tokyo, Sydney and London. Kaz has been serving on the SBMA Management Committee since 2016.

SBMA Committee-Photo-Vinh-Nguyen

Mr Vinh Nguyen

Head of Precious Metals, Asia
StoneX APAC Pte Ltd

Vinh Nguyen joined StoneX Group in Singapore at the beginning of 2008 and responsible for its APAC precious metals activities since 2019 until now.

SBMA Committee-KL-Yap

Mr KL Yap

General Manager, Singapore Refining Business Unit
Metalor Technologies (Singapore) Pte Ltd
KL YAP is the General Manager of Metalor Technologies (Singapore) Pte Ltd’s Singapore Refining Business Unit. He joined Metalor in 2013, initially in Refining Sales. In 2014, he became Refining Business Unit Manager, leading the development of a new precious metal refinery. KL was Vice Chairman of SBMA from 2017 to 2021, now serving as Chairman. With a degree in business commerce, finance, and marketing, he brings prior experience from refinery and heavy industries.