In a significant move to bolster regional cooperation and expand Laos’ role in the global precious metals market, 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.