Singapore Bullion Market Association

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Singapore Bullion Market-Gold hits record highs as investors bet on rate cuts

Latest News

21 August 2024

Gold hits record highs as investors bet on rate cuts

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2024

21 August 2024
Gold hits record highs as investors bet on rate cuts
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30 July 2024
Wealthy investors help drive surging demand for gold
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18 June 2024
Asian gold buying spree burnishing Singapore’s status as precious metals hub
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13 June 2024
Singapore set to become a leading gold hub — report
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12 June 2024
Gold rush grips Asia despite near-record prices
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12 June 2024
Gold rush to endure through 2024 though $3,000 mark may prove elusive
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11 June 2024
Singapore to become world’s leading gold trading hub
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11 June 2024
Singapore is set to lead the gold market as ‘center of gravity’ shifts east, World Gold Council says
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01 March 2024
Gold Seen Surpassing 2023's Record High This Year Amid Persisting Geopolitical Risks, Inflation Concerns
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28 February 2024
More Singapore businesses will have to report sustainability information, starting with listed firms in 2025
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28 February 2024
Gold Price to Average US $2,059 an Ounce This Year, Up 6% From 2023
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2023

12 July 2023
SBMA Honorary Counsel Jason Chan: Southeast Asia’s Top 15 Litigators 2023
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4 July 2023
China Gold News covers 2023 Shanghai Platinum Week (中文版)
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2 June 2023
Silver Bullion Becomes the First Southeast Asian Member of the LBMA
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17 February 2023
Public Gold launches first gold dispensing ATM
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2022

24 November 2022
BR Metals plans ahead to last into its golden years
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18 October 2022
Gold Industry Commits to Responsibility and Sustainability Principles Declaration
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19 September 2022
Gold Futures (“FGLD”) Re-Launch Ceremony
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27 June 2022
Gold ATMs increase the convenience of buying gold
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8 June 2022
Gold’s haven appeal burnished by drumbeat of growth warnings
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2021

17 December 2021
Boroo Pte Ltd Joins the Singapore Bullion Market Association
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21 November 2021
CNA Interview with CEO Albert Cheng – ‘Digital gold’ gaining popularity amid price rally
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5 November 2021
[Members News] ABC Refinery’s New Accreditation as a LBMA Good Delivery Silver Refiner
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September 2021
Alchemist 102: SBMA Successfully Concludes First Virtual APPMC
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14 April 2021
LBMA Spotlight on Silver Investment 2021
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12 April 2021
[Members News] Singapore Dealer Prepares Vault for 15,000 Tons of Silver
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25 February 2021
World Gold Council: Tremendous Potential for Gold in 2021
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4 February 2021
India Welcomes Lower Import Duties for Gold
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2020

3 December 2020
LBMA Asia Update 2020
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1 November 2020
[Members News] ABC Bullion Launches New Platinum Minted Range
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13 September 2020
疫情暴发拉抬黄金地位
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14 August 2020
Channel 8 Frontline’s interview with CEO Albert Cheng
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6 August 2020
Gold soars to record high; some see correction soon
CEO Albert Cheng was interviewed by The Business Times
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4-5 June 2020
Webinars with SGX (June 4, 5)
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14 April 2020
An interview with CEO Albert Cheng on the impact of Covid-19 to the ASEAN Gold Market
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26 March 2020
The Day the EFP Broke
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31 January 2020
The Gold-Silver Ratio is Indicative of Global Deflation
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2019

17 December 2019
Tech-savvy Singapore’s golden future
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14 October 2019
Alchemist 95: SBMA’s Silver Jubilee & Beyond
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17 September 2019
Investors pull gold from Hong Kong as tensions rise
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12 June 2019
Singapore aims to become Asia’s gold hub
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12 June 2019
Singapore Grows Regional Gold Hub Status
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10 June 2019
3rd Asia Pacific Precious Metals Conference Highlights
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23 April 2019
Singapore Plays Pivotal Role in Building a Sustainable Precious Metals Hub in ASEAN
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12 February 2019
MinLaw – Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Bill
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8 February 2019
Demand for Gold to Remain Strong in Asia
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14 January 2019
MinLaw – New Bill Introduced to Strengthen the Prevention of Money Laundering and Terrorism Financing for the PSMD Sector
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2018

18 July 2018
律政部：反洗黑钱及打击反恐融资 宝石和贵金属交易将受更严格监管
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17 July 2018
MinLaw – Strengthening AML-CFT Regulation for PSMD Sector
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19 June 2018
2nd Asia Pacific Precious Metals Conference Highlights
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19 March 2018
Singapore Bullion Market Association (SBMA) Appoints Gordon Cheung as New Deputy CEO
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2 January 2018
Singapore Bullion Market Association (SBMA) Appoints Martin Huxley As New Chairman
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2017

20 October 2017
2017 import and export statistics half year review
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11 October 2017
SBMA Chairman’s Letter – “LBMA Global Precious Metal Code”
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4 October 2017
The Metalor Singapore gold bar has been added to the good delivery list at TOCOM.
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2 August 2017
TOCOM Adopts Delivery by Physicals for Precious Metals Market and appointed Brink's as the Vault operator.
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31 July 2017
Laos’ Gold Market
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25 July 2017
APPMC 2017 – Documentary
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12 July 2017
London Metal Exchange Joins Singapore Bullion Market Association
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23 June 2017
Fintech, Blockchain Technology to Open Market Access – APPMC
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22 June 2017
Infrastructure Key to Ensuring Fairness and Transparency – APPMC
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21 June 2017
Gold to See Bright Future in ASEAN Region – APPMC
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7 June 2017
APPMC – Roundup & Market Outlook
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5 June 2017
First Asia Pacific Precious Metals Conference
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5 June 2017
Singapore’s gold hub strategy bears fruit as imports, exports rise
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3 June 2017
SBMA and its members are featured on Channel NewsAsia’s Money Mind Program
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2 June 2017
Myanmar’s Gold Market
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1 June 2017
Philippines’ Gold Market
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25 May 2017
LBMA Launches Global Precious Metals Code
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18 May 2017
Thailand’s Gold Market
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16 May 2017
Malaysia’s Gold Market
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15 May 2017
Indonesia Gold Market
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3 May 2017
ASEAN Gold Market
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7 March 2017
Vietnam Gold Market
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3 February 2017
Gold Demand Trends Full Year 2016/World Gold Council
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24 January 2017
India’s gold market: evolution and innovation/World Gold Council
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13 January 2017
The Gold market in 2017/World Gold Council
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10 January 2017
The Singapore Parliament has passed several significant changes to the Securities and Futures Act.
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2016

19 December 2016
SGX announces world’s first Shariah-compliant gold future contract
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6 December 2016
Myanmar Gold Market
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6 December 2016
Shariah Gold Standard will create new asset class in Islamic Finance
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18 November 2016
Asia’s Appetite for Precious Metals Bolsters Demand in Uncertain Time
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10 November 2016
MAS consultation paper on proposed amendments to the code on collective investment schemes
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9 November 2016
Singapore’s Precious Metals Industry Poised for Growth
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1 November 2016
Despite global economic uncertainty, LBMA delegates see bright spot in the industry
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11 October 2016
The Singapore Bullion Market by SBMA – ALCHEMIST 83
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27 September 2016
Singapore has a strong framework to combat money laundering and terrorism financing, has more room to improve
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19 April 2016
Shanghai Gold Benchmark Price launch
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28 January 2016
World Platinum Investment Council approved as Singapore Bullion Market Association member
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27 January 2016
SBMA Appoints New Chairman and CEO
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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.