Page 21 - Bullion World Issue 7 November 2021

Bullion World | Issue 07 | November 2021

Figure 7 SBMA is committed to help global
players with an interest in ASEAN
markets to not only understand the
market but also connect them to
the right players. At the same time,
we are working with the relevant
authorities and stake holders to
open up their market. One recent
example is working in conjunction
with our partner in Indonesia to
make sure that authorities there get
the right information and advice as
they liberalise the country’s gold
bullion banking business.

The mandate of the SBMA is
to provide and facilitate the
connectivity between ASEAN
markets and that of the global
ASEAN Gold Market Barriers market. Please reach out to us if

you are thinking of investing in or
The development of the gold market in ASEAN countries are in different expanding your business to the
stages: some are totally open, like Singapore and Malaysia, while on the region.
other end of the spectrum, Myanmar remains closed to global players.

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