This episode covers pivotal regulatory developments influencing key sectors such as Nipocalimab, Compliance, Inflation, Initial Access List, and BPR within ASEAN.

Listeners will gain insights on the Bangko Sentral ng Pilipinas' decision to raise the reverse repurchase rate by 25 basis points to 4.5%, signaling an end to the easing cycle and possible further hikes. Financial institutions must recalibrate lending and borrowing policies accordingly.

Another major update includes the awarding of the Public Waste Collection Licence for Singapore’s Zone 6 Pasir Ris-Bedok sector to 800 Super Waste Management Pte Ltd, introducing a modernized fleet with electric trucks and expanded recyclables collection.

In Indonesia, the Indonesia Deposit Insurance Corporation (LPS) has announced critical deadlines and processes for deposit guarantee payments concerning revoked banks such as PT BPR Bumi Pendawa Raharja, Perumda BPR Bank Cirebon, and PT BPR Sumber Usahawan Bersama, emphasizing phased payments, claim submissions, and dispute protocols.

For more information, visit the Carver Agents website.

Articles mentioned:

1. Bangko Sentral ng Pilipinas raises rates, signals more hikes
2. New Public Waste Collection Licence for the Zone 6 (Pasir Ris-Bedok) Sector Commences 1 July 2026
3. Pengumuman Pembayaran Atas Penetapan Status Penjaminan Simpanan Nasabah Penyimpan PT BPR Bumi Pendawa Raharja (DL) Tahap 3
4. Pengumuman Pembayaran Atas Penetapan Status Penjaminan Simpanan Nasabah Penyimpan Perumda BPR Bank Cirebon (DL)
5. Bedding supplier Emma Sleep to pay a total of $15m in penalties for misleading statements about sale prices
6. Pengumuman Pengajuan Keberatan Nasabah Penyimpan atas Penetapan Status Penjaminan Simpanan Nasabah PT BPR Bumi Pendawa Raharja (DL)
7. Bangko Sentral ng Pilipinas Discount Window Facility interest rates effective 27 April 2026
8. Pengumuman Batas Waktu Pengajuan Klaim Penjaminan Simpanan Layak Dibayar Nasabah Penyimpan PT BPR Sumber Usahawan Bersama (DL)
9. Notice of Extension: Public Consultation for the Initial Access List
10. Kurzbericht Zulassung – Imaavy®

This episode covers significant regulatory developments impacting the ASEAN+3 region, including key initiatives in fiscal sustainability, banking, insurance, and corporate compliance.

Notably, the ASEAN+3 economies are prioritizing stronger fiscal management to address emerging risks and structural headwinds through credible fiscal anchors and improved spending efficiency. Indonesia's Deposit Insurance Corporation (LPS) is launching a Public-Private Partnership program to enhance insurance industry resilience, focusing on risk-based premiums and advanced resolution strategies.

Additionally, the Philippines is offering loan payment grace periods and regulatory relief amid an energy emergency, supporting borrower recovery and financial sector stability. Jakarta’s Companies Commission has introduced a Compliance Clinic and Recovery Campaign to boost corporate governance and facilitate statutory document submission.

For more information, visit the Carver Agents website.

Articles mentioned:

1. ASEAN+3: Navigating Emerging Risks and Structural Headwinds Through Stronger Fiscal Management
2. Fiscal policy in ASEAN+3: Strengthening fiscal management amid emerging headwinds
3. Resilience and Policy Flexibility in ASEAN+3: Navigating the New Energy Shock
4. ASEAN+3 Fiscal Policy Report 2026
5. Pengumuman Pembayaran Atas Penetapan Status Penjaminan Simpanan Nasabah Penyimpan PT BPR Sungai Rumbai (DL)
6. PPP LPS Siap Membangun Ekosistem Asuransi Yang Tangguh di Indonesia
7. Kepala BPOM Tekankan Kebijakan Gizi dan Ketahanan Obat Nasional dalam Rakor KKSK Triwulan I 2026
8. BPOM Terbitkan Aturan Baru untuk Teh, Olahan Tepung Siap Konsumsi, Sosis, Bakso Daging hingga Minuman Serbuk
9. BSP extends regulatory relief to BSFIs amid energy emergency
10. 13/04/2026 - SSM Perkenal Klinik Pematuhan Dan Kempen Pemulihan Serah Simpan Dokumen Statutori, Bantu Syarikat Tingkatkan Tahap Pematuhan

This episode covers vital regulatory developments affecting cybersecurity, financial deposit insurance (penjaminan), etomidate substance control, public health initiatives, and tuberculosis elimination efforts across ASEAN countries.

Major highlights include Indonesia's National Agency of Drug and Food Control (BPOM) authorizing measles vaccines for adults, prioritizing healthcare workers and high-risk groups to strengthen immunization coverage. Additionally, Indonesia launches an extensive free health check program targeting 130 million people to accelerate tuberculosis early detection and treatment.

In the financial sector, Indonesia's Deposit Insurance Corporation (LPS) manages the liquidation and deposit insurance payments following the revocation of PT BPR Sungai Rumbai's business license. Depositors must comply with LPS’s verification processes to claim their deposits within stipulated timelines.

Singapore has stepped up enforcement by charging an individual for alleged trafficking of etomidate vaporiser pods amid new regulations classifying etomidate as a Specified Psychoactive Substance. Furthermore, leading firms in Singapore have committed to enhancing cybersecurity and data protection practices through voluntary undertakings.

For more information, visit the Carver Agents website.

Articles mentioned:

1. KLB Campak 2026, BPOM Beri Izin Penggunaan Vaksin untuk Dewasa
2. Setiap 4 Menit Satu Nyawa Melayang, Pemerintah Genjot Deteksi Dini dan Pengobatan TB
3. Malaysia prepares carbon pricing rollout
4. 07.04.2026 - Pengumuman Tindak Lanjut Cabut Izin Usaha PT BPR Sungai Rumbai
5. 07.04.2026 - LPS Siapkan Pembayaran Simpanan Nasabah BPR Sungai Rumbai
6. HSA Charges 18-Year-Old for Alleged Trafficking of Etomidate Vaporiser Pods
7. 07.04.2026 - Pengumuman Pembayaran Status Penjaminan BPR Pembangunan Nagari (DL)
8. 106 - 09.04.2026 - Meinhardt (Singapore) Pte Ltd
9. 107 - 09.04.2026 - Asia Properties & Assets Consultancy Pte Ltd
10. BPOM dan Bareskrim Polri Bongkar Peredaran Ilegal Gas Tertawa di Cengkareng

This episode delves into critical regulatory developments impacting the therapeutic product landscape in ASEAN, including updates on Chemistry, Manufacturing, and Controls (CMC) dossier requirements, authorisation frameworks, and drug approval processes.

Key updates include Singapore's Health Sciences Authority mandating the use of eCTD version 1.1 for dossier submissions effective April 1, 2026, along with new requirements for quality defect declarations starting June 1, 2026. Additionally, Indonesia's BPOM is advancing conditional marketing authorisation for vaccines post phase 1 and 2 clinical trials, balancing innovation with safety and public trust.

On the financial regulatory front, Singapore’s Monetary Authority has refined capital treatment rules and is developing AI risk management guidelines, emphasizing operational risk and fair customer dealings. Malaysia’s Governor highlighted the need for integrated policies and enhanced cyber resilience in central banking.

For more information, visit the Carver Agents website.

Articles mentioned:

1. IAIS concludes multi-year cycle of Holistic Framework implementation assessments
2. Delivering on the Insurer’s Promise - Keynote speech by Mr Marcus Lim, Assistant Managing Director, MAS
3. Regulatory Updates on Therapeutic Product Registration (1 April 2026)
4. Governor's Keynote Address at the Central Banking Meetings
5. Kepala BPOM Sampaikan Gagasan Vaksin Maternal di Harvard Medical School
6. Summary report on authorisation – Lynkuet®
7. Kurzbericht Zulassung – Lynkuet®
8. Public Consultation: Initial Access List

This episode of Carver's ASEAN Regulatory Updates delves into significant regulatory changes affecting diverse sectors including pharmaceuticals, financial market infrastructures, and digital market competition.

Key highlights include Singapore’s Monetary Authority introducing a Consultation Paper that mandates expanded recovery and resolution planning requirements along with statutory bail-in powers for capital market infrastructures, marking a substantial step towards international alignment in financial stability frameworks.

Additionally, the Health Sciences Authority’s intensified enforcement against illegal health products and reclassification of etomidate as a Class C drug underline increased regulatory vigilance on public health safety in Singapore.

In the Philippines, regulatory input is sought under Rule VI of Republic Act No. 12234 to foster competition and efficient use of digital infrastructure, signaling important market and compliance implications.

For more information, visit the Carver Agents website.

Articles mentioned:

1. Basel III monitoring report
2. Summary report on authorisation – Zepzelca®
3. Consultation Paper on Notice and Guidelines for Recovery and Resolution Planning and Enhancement of Resolution Powers for Capital Market Infrastructures
4. Indonesia: [Government of Indonesia] mulls lifting deficit cap amid high oil price
5. HSA Seized Over 1 Million Illegal Health Products and Removed More Than 2,300 Online Listings in 2025

1. קול קורא לשת"פ קרן סינגפור-ישראל (SIIRD) בתחום ערים חכמות

1. Philippines - Ceramic tiles
2. UN convention on judicial sale of ships signed in Beijing
3. Terminologies for Categorized Adverse Event Reporting (AER): terms, terminology and codes
4. Call For Inputs: Access List

This podcast episode explores significant regulatory developments affecting the financial sector in ASEAN, particularly focusing on Dematerialisation, the Securities and Futures Act, restructuring, digital financial asset regulation, and business license revocations.

Key updates include the revocation of the business license of PT Tennet Depository Indonesia by the Financial Services Authority (OJK) for its role in digital financial asset depository services, requiring immediate cessation of related activities. In Singapore, the Monetary Authority of Singapore (MAS) has released consultation papers proposing a new regulatory framework for central securities depositories (CSDs) and a dematerialisation regime for listed company shares, aiming to modernize securities holding and registration processes. Additionally, MAS has imposed lengthy prohibition orders on two former relationship managers for regulatory breaches.

These regulatory actions and proposals highlight the ASEAN region's drive to strengthen financial market integrity and adapt to technological advancements in securities and digital assets.

For more information, visit the Carver Agents website.

Articles mentioned:

1. Revocation of Business License of PT Tennet Depository Indonesia as Provider of Depository Facility for Digital Financial Assets Including Crypto Assets
2. MAS Issues Prohibition Orders against former Relationship Managers Wang Qiming and Liu Kai
3. 20-Mar-2026 - Notice of Intended Dissolution
4. Consultation Paper on Proposed Regulatory Framework for Central Securities Depositories
5. 2026-03-16 - 反倾销 - 美国对脂肪酸发起双反调查
6. Consultation Paper on Proposed Dematerialisation Regime for Shares of Listed Companies
7. R843
8. BI-Rate Held at 4.75%: Maintaining Stability, Strengthening Economic Growth
9. Labuan Financial Services Authority Offices To Close For The Additional Hari Raya Aidilfitri Public Holiday
10. Siaran Pers: Debitur Pelaku Kejahatan Perbankan Bisa Dipidana, OJK Tuntaskan Tipibank BPR Duta Niaga Pontianak

This episode provides an in-depth review of critical regulatory developments influencing Public Consultation, False Statement enforcement, MSME growth, Financial Reporting, and Data Sharing across ASEAN markets.

Key highlights include Malaysia’s unveiling of the Capital Market Masterplan 2026-2030, emphasizing market vibrancy and sustainability initiatives, alongside a groundbreaking Memorandum of Understanding between the Securities Commission Malaysia and the Companies Commission of Malaysia to enhance data-sharing for MSME identification and enforcement.

Further, enforcement actions in Malaysia and Singapore spotlight ongoing commitments to combat false financial disclosures and anti-money laundering compliance, illustrating the rigorous regulatory environment firms must navigate.

For more information, visit the Carver Agents website.

Articles mentioned:

1. SC Unveils Capital Market Masterplan 2026-2030
2. Licensed Fund Management Company And Its Officers Investigated For Suspected Money Laundering And Suspected Failure To Comply With Obligations As A Licensed Capital Markets Services Licence Holder
3. LPS Siapkan Pembayaran Simpanan Nasabah BPR Koperindo
4. Public Consultation on Proposed Areas of Review for the Building (Strata Management) Act
5. Bangko Sentral ng Pilipinas Discount Window Facility interest rates effective 10 March 2026
6. 12 Mar 2026 - Policy Document on Technology Requirements for Payment Services Regulatees
7. Pengumuman Pembayaran Atas Penetapan Status Penjaminan Simpanan Nasabah Penyimpan Perumda BPR Bank Cirebon (DL)
8. SC Charges Former Group MD & CEO of Sarawak Consolidated Industries Berhad for False Financial
9. SC, SSM to Enhance Data-Sharing to Drive MSME Growth and Market Integrity
10. Kolaborasi Strategis LPS – BSSN Perkuat Ketahanan dan Keamanan Siber

This episode delivers comprehensive insights into recent regulatory actions affecting multiple sectors within ASEAN, including deposit insurance administration, competition law enforcement, and monetary policy adjustments.

Listeners will learn about Indonesia's Deposit Insurance Corporation (LPS) initiating claim payments and liquidation for PT BPR Kamadana and PT BPR Suliki Gunung Mas, with detailed timelines for deposit verification and claim submissions. The episode also covers the Business Competition Supervisory Commission’s (KPPU) hearing involving alleged tender collusion in a major gas project, highlighting the importance of compliance with competition laws.

Monetary policy updates include Bank Indonesia maintaining its BI-Rate at 4.75%, while the Bangko Sentral ng Pilipinas reduced its Target Reverse Repurchase Rate by 25 basis points, influencing regional interest rate frameworks.

For more information, visit the Carver Agents website.

Articles mentioned:

1. LPS Siapkan Pembayaran Simpanan Nasabah PT BPR Kamadana (DL)
2. Pengumuman Tindak Lanjut Cabut Izin Usaha Perumda PT BPR Kamadana
3. KPPU Hadirkan Guru Besar Hukum Ekonomi dalam Sidang Dugaan Persekongkolan Tender Proyek Gas CISEM II
4. Pengumuman Pembayaran Atas Penetapan Status Penjaminan Simpanan Nasabah Penyimpan PT BPR Suliki Gunung Mas (DL)
5. Laporan Kelembagaan LPS Triwulan IV 2025
6. BI-Rate Held at 4.75%: Maintaining Stability, Strengthening Economic Growth
7. Former Jalatama Officers Fail in Bid to Overturn Conviction and Sentence for Unlicensed Capital Market Activities
8. Investor Alert List (as at 16/2/2026)
9. Global South cooperation takes centre stage at India AI impact summit 2026
10. Monetary Board reduces target RRP rate by 25 basis points

This episode covers regulatory updates in Deposit Insurance, Interest Rate, Bank Liquidation, Licensing, Investor Alert List.

Highlights include the Indonesian Deposit Insurance Corporation (LPS) initiating deposit insurance payouts following the revocation of PT BPR Kamadana's license and the commencement of its liquidation process. The episode also reviews LPS's Institutional Report outlining expanded insurance policy guarantee functions.

Monetary policy updates cover Bank Indonesia maintaining key interest rates to support economic stability, while the Bangko Sentral ng Pilipinas implements a 25 basis points cut to its Reverse Repurchase Rate to encourage liquidity.

Regulatory enforcement developments from Indonesia involve the Competition Commission engaging an economic law expert in a tender collusion case, alongside upheld convictions for unlicensed capital market activities by former Jalatama officers.

The episode concludes with updates from the Investor Alert List, reflecting ongoing vigilance in the financial sector.

For more information, visit the Carver Agents website.

Articles mentioned:

1. LPS Siapkan Pembayaran Simpanan Nasabah PT BPR Kamadana (DL)
2. Pengumuman Tindak Lanjut Cabut Izin Usaha Perumda PT BPR Kamadana
3. KPPU Hadirkan Guru Besar Hukum Ekonomi dalam Sidang Dugaan Persekongkolan Tender Proyek Gas CISEM II
4. Laporan Kelembagaan LPS Triwulan IV 2025
5. BI-Rate Held at 4.75%: Maintaining Stability, Strengthening Economic Growth
6. Former Jalatama Officers Fail in Bid to Overturn Conviction and Sentence for Unlicensed Capital Market Activities
7. Investor Alert List (as at 16/2/2026)
8. Monetary Board reduces target RRP rate by 25 basis points

This episode of Carver's ASEAN Regulatory Updates delves into significant regulatory changes across taxonomy, prudential reporting, capital adequacy, striking off, and regulatory sandbox sectors. Listeners will gain insight into enhanced governance frameworks, sustainability mandates, and cybersecurity standards shaping the ASEAN financial landscape.

Key updates include the Bangko Sentral ng Pilipinas raising the cash withdrawal threshold triggering enhanced due diligence and revising its regulatory reporting governance framework to ensure data integrity and timely submissions. In Malaysia, the Labuan Financial Services Authority unveiled its 2026 regulatory plan focusing on capital adequacy and embedding climate risk management within governance structures. Additionally, the Securities Commission Malaysia launched a consultation on a new, detailed Malaysia Taxonomy for Sustainable Finance aligned with ASEAN and international standards.

Singapore's Cyber Security Agency announced mandatory tiered Cyber Trust Mark certification levels for critical and non-critical infrastructure owners and auditors, with deadlines through 2026 and 2027. The Monetary Authority of Singapore issued guidelines on environmental risk management, emphasizing forward-looking transition planning for banks, insurers, and asset managers to address climate-related risks responsibly.

For more information, visit the Carver Agents website.

Articles mentioned:

1. Statement of the Forty-fourth Meeting of the Polio IHR Emergency Committee
2. 1231
3. SW 12/2024 - 06-Mar-2026 - Notice of Striking Off for ING Gourmet Pte Ltd
4. CSA to Raise Cybersecurity Standards for Critical Information Infrastructure Owners
5. BSP, itinaas sa P1-M ang halaga ng cash withdrawal na mangangailangan ng masusing pagsiyasat
6. 02 Mar 2026 - Call for Feedback: Malaysia Taxonomy for Sustainable Finance
7. Senior Minister of State, Tan Kiat How, Committee of Supply 2026 Speech, Safeguarding our Digital Space in a Digital Age
8. Labuan FSA Regulatory Plan for 2026
9. 05.03.2026 - Shaping a stronger future for the Asia Pacific
10. MAS Sets Supervisory Expectations on Financial Institutions for Transition Planning Practices in addressing Environmental Risk