Singapore Bullion Market Association

Article List

Article List


By Albert Cheng, CEO, SBMA

Published on December 10, 2021

SBMA would like to wish our members and friends a wonderful festive season and a very Happy New Year. We would also like to thank our contributors and sponsors for your continued support over the past year, and are looking forward to our continued partnership in 2022.

Here is an update of SBMA’s activities in the past quarter:

October 22-24

CEO Albert Cheng spoke and participated at the Bund Summit together with World Gold Council, London Bullion Market Association, Moscow Stock Exchange, ICBC and BNP Paribas.

November 17

SBMA attended the opening of Silver Bullion’s new store at Millenia Walk.

From left, Vergel Villasoto and Gregor Gregersen of Silver Bullion, CEO Albert Cheng, Marketing & Communications Officer Lynn Yap and Business Manager Margaret Wong.
November 21

CEO Albert Cheng was featured on CNA to discuss the growing popularity of digital gold amid a rally in the precious metal’s price. Watch here: (from 2:13).

November 25

SBMA holds its virtual Annual General Meeting (AGM). See page 23 for a summary of the event.

December 18

CEO Albert Cheng, together with some of our key members from the jewellery industry, spoke at the 2021 China (Putian) International Gold & Jewellery Culture Forum virtually on the panel “New Development Path of Gold & Jewellery Industry in Response to the Changing World”. They include: Mary Lim, SK Jewellery Group, Singapore; Ermin Siow, Poh Kong Jewellers, Malaysia; Jennifer Heryanto, PT SKK Indonesia; Le Tri Thong, Phu Nhuan Jewellery JV Co. Vietnam; and Nikos Kavalis, Metal Focus Singapore.

January 10-11

CEO Albert Cheng represented SBMA at the Asian Financial Forum 2022.


Onboarding of Boroo Pte Ltd as Local Associate Corporate Member.

SBMA’s total corporate membership consists of 48 companies, including three Category 1 members, 30 Local Associate Corporate members, 14 Foreign Associate Corporate members, and one Affiliate members.

SBMA is pleased to share that World Platinum Council (WPIC) has taken up a customised marketing service with us. As part of the partnership, SBMA will be helping WPIC promote its news, reports and webinars on the SBMA website and social media. You will be able to find “Platinum Corner” in Crucible as well as on our website here

SBMA provides additional ad-hoc event management and marketing services for members who wishes to have more outreach and exposure to the precious metals industry. Should your company be interested to explore these options and for SBMA to further add value to your company, please contact Margaret at for more information.


10–11 January 2022. Hong Kong.

Asian Financial Forum 2022

AFF is Asia’s premier platform for global leaders in government, finance and business to exchange insights, intelligence as well as to explore business and investment opportunities. More than 66,000 viewers from 82 countries and regions had visited the AFF 2021 for thought leadership and business networking, and to experience the latest fintech innovations and next-generation business ideas. SBMA CEO Albert Cheng will be in attendance. Please visit for registration and event details.