Singapore Bullion Market Association

Article List

Article List


By Albert Cheng, CEO, SBMA

Published on September 19, 2018

Our 2nd Asia Pacific Precious Metal Conference (APPMC), held in June, was a success. The conference was attended by 358 delegates from more than 170 companies from 29 countries. Since then, we have been busy working and following up with stakeholders from within and outside of the ASEAN region in efforts to progress with our Singapore initiatives. We are also pleased to inform you that we have relocated to a new office within the same building. Our new address and telephone number is listed in the ‘About Crucible’ section. Here is an update of our activities:

June 3-4

SBMA organises the 2nd APPMC with the support of Enterprise Singapore. SBMA aims to play a greater role in the region by bringing together the bullion markets of the ASEAN countries through the conference by developing and strengthening a unified body in Southeast Asia for the bullion market. See Page 12–14 for a summary of the event.

SBMA secretariat, SBMA management committee members and APPMC organising Ccmmittee after the conclusion of the 2nd APPMC.
July 13

Metalor Singapore organises a lunch meeting at Enterprise Singapore for Mr E Kato from Tanaka Tokyo to brief the SBMA Management Committee on the physical gold consumer market in Japan.

Clockwise from bottom left: Jos van Wegen (Brink’s), Vinh Nguyen (INTL Asia), E. Kato (Tanaka), KL Yap (Metalor), Lester Lu, Amreeta Eng and Emmanuel Lam (Enterprise Singapore), Gordon Cheung (SBMA), Kazuya Naoki (ICBC Standard Bank).
July 16

SBMA holds its second Strategic Review Committee Meeting.

July 24-26

CEO Albert Cheng and DCE Gordon Cheung represents SBMA at the China Gold Congress and Expo 2018 in Beijing, China. Albert was the moderator for panel discussion on “China Gold Market Internalization Development” and chaired the panel discussion on “Maritime Silk Road: Gold Jewelry Opportunities in Emerging Markets”.

From left, Albert Cheng (CEO, SBMA), Robin Martin (Head of Market Development, LME), Li Hui (Director, SHFE), Zhang Ainong (Research Director, SGE), Paul Fisher (Chairman, LBMA), Young-Jin Chang (Executive Director, Global Head of Metals, CME Group), Henry Luo (Greater China and Head of Global Markets Asia, ICBC Standard Bank) and Yang Yue (General Manager, China Minsheng Bank) at the Panel Discussion on “China Gold Market Internationalization Development”.
August 5-7

CEO Albert Cheng represents SBMA at the 15th India International Gold Convention in Kochi, India and at the signing of an MOU with the Indian Bullion Bankers Association.

CEO Albert Cheng representing SBMA at the signing of the MOU with the Indian Bullion Bankers Association (IBBA) at the India International Gold Convention.

Exploratory Meetings

During the quarter, SBMA held exploratory meetings with the following companies: DerekDoris Limited, GVS Asia, Sakthi Trading Group, RoyalSIlver Hong Kong Limited, EIS Global, Gudangemas, ICBC China, PT Bank Syariah Mandiri, PT Tamasia Global Sharia, TradAir, Raffemet, Sempsa JP, Sichuan Tianfu Bank and TPS Group on membership and matters related to market development.


Onboarding of CME Group Singapore Operations Pte Ltd and Mahesh & Co Pte Ltd as Local Associate Corporate Member, LH Precious Metals Investment Pte Ltd and Perfect Hexagon Limited as Foreign Associate Corporate Member and Myanmar Gold Development Public Company Limited as Affiliate Member.

SBMA’s total membership consists of 45 companies, including three Category 1 members, 29 Local Associate Corporate members, nine Foreign Associate Corporate members, and two Affiliate members. Five companies are pending membership approval.


3–4 October 2018. Perth, Australia.

9th Precious Metals Investment Symposium (PMIS2018)

SBMA is proud to be the industry partner of PMIS2018, the largest and most comprehensive precious metals investment event in Australia. CEO Albert Cheng will be attending as a key-note speaker. Registration and details can be found at

16 & 18 October 2018. SGX Centre, Singapore.

Artificial Intelligence Application in Algorithmic Trading Workshop

This two-day rigorous and intensive program for traders provides a foundation in data science and how it can be applied to trading in the financial markets. Please see Page 2 for more information.

28-30 October 2018. Boston, USA.

LBMA/LPPM Precious Metals Conference 2018

SBMA CEO Albert Cheng will represent SBMA at what is widely regarded as the premier event in the industry calendar. Please visit for registration and event details.

30-31 October 2018. The Fullerton Hotel, Singapore.

121 Mining Investment Singapore

Supported by The Singapore Mining Club, 121 Mining Investment Singapore is dedicated to miners and sophisticated investors. SBMA Deputy CEO Gordon Cheung will be attending as a speaker. More information can be found at

SBMA will be holding its Annual General Meeting (AGM) in November. More information will be shared closer to the date.