Singapore Bullion Market Association

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Article List



We hope that the dawn of 2024 has brought you all much joy and success. A heartfelt thank you goes out to our incredible contributors and sponsors for their unwavering support throughout the past year. We eagerly anticipate continuing our journey together in the year ahead.

Here’s a quick rundown of SBMA’s activities in the past quarter:

23 January 2024

Together with the World Gold Council, SBMA organised the third edition of the Bullion Market Academy. This fantastic programme is all about nurturing the next generation of talent in the precious metals industry.

19 February 2024
SBMA CEO Albert Cheng, vice- chairman Vinh Nguyen and honorary secretary Kazuya Naoki sat down for a chat with the UAE Singapore Business Council and DMCC. It was an exciting opportunity to explore potential collaborations and future endeavors.
SBMA CEO Albert Cheng
From left: Vinh Nguyen, Head of Precious Metals, Asia, StoneX APAC Pte Ltd; Pem Khammoungkhoun, COO, Fina Fintech; Souphaphone (Nana) Souannavong, Founder & CEO, Fina Fintech; Dr Brian Shegar, President, UAE Singapore Business Council; Albert Cheng, CEO, SBMA; Peter Jacobson, Director of Marketing & Corporate Communications, DMCC; His Excellency Ahmed bin Sulayem, CEO & Executive Chairman, DMCC; His Excellency Hamad Buamim, Chairman of the Board, DMCC; Samer Merhi, Head of Events & Partnerships, DMCC; Kazuya Naoki, Head of Metals, Asia, ICBC Standard Bank Plc, Singapore Branch.
1 March 2024
SBMA CEO Albert Cheng was invited to a pivotal gathering hosted by Metalor. Among the esteemed attendees were visitors hailing from Papua New Guinea, including Richard Maru, Minister for International Trade and Investment and Basil Gerari from the PNG High Commission. Their purpose was clear: to explore avenues for collaboration within the international bullion market. They expressed a keen interest in the prospect of establishing their own local refinery, signaling a potential new frontier in the global bullion landscape.
Albert Cheng, CEO, SBMA; Basil Gerari, Acting High Commissioner, Papua New Guinea High Commission; Hon. Richard Maru, Minister for International Trade & Investment, Papua New Guinea; KL Yap, SBMA Chairman and General Manager, Singapore Refining Business Unit, Metalor Technologies Singapore Pte Ltd; Lin Xin Jie, Sales & Marketing Executive, Metalor Technologies Singapore Pte Ltd.


9–11 June 2024. Singapore

Asia Pacific Precious Metals Conference 2024

The annual APPMC, organised by the SBMA and supported by Enterprise Singapore, will take place on 9–11 June 2024 at Shangri-La Hotel, Orange Grove Road, Singapore. The 7th edition also marks SBMA’s 30th anniversary. Register now! More information, updates and details of past conferences are available at
13–15 October, 2024. Miami, Florida, USA

LBMA/LPPM Global Precious Metals Conference 2024

The 24th LBMA/LPPM Global Precious Metals Conference will be held at the Diplomat in Miami, Florida, USA. Register now for three days of engaging speakers, insightful panel sessions, and unparalleled networking opportunities. Don’t miss this chance to be a part of an unforgettable event. Visit precious-metals-conference-2024 for registration and event details.


Mustafa’s Pte Ltd was onboarded as a Local Associate Corporate member and The Royal Mint Limited and FinMet Pte Ltd were onboarded as a Foreign Associate Corporate member in this quarter.

SBMA’s total corporate membership consists of 69 member companies, including 4 Category 1 members, 38 Local Associate Corporate members, 24 Foreign Associate Corporate members, and 3 Affiliate members.


© 2024 Singapore Bullion Market Association

The information and articles provided in Crucible are intended to be a guide of a general nature and for information purposes only. They are not intended to be recommendations or advice of any sort and therefore must not be construed as such. While we try to ensure that the information contained in Crucible is accurate, SBMA, the article contributors and their organisations do not accept any liability for any mistakes, errors, or omissions for any loss or damage arising from any reliance thereon. SBMA, the article contributors and their organisations also disclaim all responsibility for any loss, injury, claim, liability, expense, or damage of any kind resulting from, arising out of, or in any way related to any errors in, omissions from, or reliance on any part of the information, views, or opinions expressed in this publication.