Page 25 - Bullion World Volume 3 Issue 3 March 2023

Bullion World | Volume 3 | Issue 3 | March 2023

International Trade and Industry a very good state, and we estimate to present a short introduction to
Ministry and Malaysian Investment expectantly that it will continue to Bursa Malaysia Gold Derivatives
Development Authority,” said Dato’ be stable and good, due to the Gold Contract for public awareness.
Wira Louis Ng. tradition of 3 races that bond gold According to the President of MGA,
very deep in our culture and religion Dato’ Wira Louis Ng, “We want to
“Despite the challenging economy here in Malaysia.” Dato’ Wira Louis make the Malaysia Gold Conference
in the global market, deglobalization, Ng added during his speech at the a resourceful event for all gold
and a trade war between China and Malaysia Gold Conference 2023. industry players in Malaysia.
US with the spy balloon, the Inflation
rate in the world is still very high The key speakers who participated Therefore, apart from hosting
and not properly contained. Federal at the Malaysia Gold Conference discussions pertaining to physical
reserve moves the benchmark 2023 were Mr. Chirag Sheth, precious metals and their
rate higher on the precious metal Principal Consultant from London prospects, we have also included
industry which is for gold, silver and Metals Focus, Mr. Albert Cheng, a presentation on gold derivatives
platinum”. Louis Ng highlighted the Honorary Chief Executive Officer by Bursa Malaysia Derivatives this
current global market situation, and (CEO) of Singapore Bullion Market time round, to cover all aspects
he also shared a few key points Association, Mr. Ermin Siow, Advisor of gold in Malaysia.” On top of the
that are pertaining to the domestic from Federation of Goldsmiths and informative sharing sessions by gold
market – “With The New Government Jewellers Associations of Malaysia. veterans, Public Gold which is the
on board, investors find that they main sponsor for this event, had
have more confidence in investing The discussion topics include an also launched its very own Malaysia
and as for the Foreign Direct Invest overview of the current global Gold ATM – certified by the Malaysia
(FDI), we are very confident that gold market, the gold outlook for Book of Records as the First Gold
the project made by an investor, 2023, and the latest market trends Automated Teller Machine (ATM)
company or government from involving gold in various forms. Apart in Malaysia that dispenses physical
another company would definitely be from the three constructive gold gold products.
either mid to long term, for economic knowledge-sharing sessions, the
stability and growth,” Ng added Head of Commodity Derivatives of
sanguinely filled with positivity. Bursa Malaysia Derivatives, Ryan
“Jewellery and investment bars are at Long, was also given the opportunity

25