Covering Audit, Recall, Pseudoephedrine, Iran, BPK. This episode covers key regulatory developments including deposit insurance audit in Indonesia, Singapore's recall of pseudoephedrine syrup, Iran-related designations, and BPK audit readiness in Indonesia. Topics span audit, recall, pseudoephedrine, Iran, and BPK sectors.
Regulatory news, updates, and insights for countries in the ASEAN region presented by the Carver Agents team
Welcome to Carver's ASEAN Regulatory Updates for July 19, 2026.
In Indonesia, the Indonesia Deposit Insurance Corporation, known as LPS, has initiated the phased payment of insured deposits following the revocation of BPRS Hasanah Mandiri’s banking license effective July 16, 2026. LPS will complete reconciliation and verification of deposit data within 90 working days from the license revocation date, with payments to depositors to be made in phases no later than November 20, 2026. Depositors must ensure their accounts meet LPS’s 3T criteria: recorded in the bank’s books, interest rates not exceeding the LPS guarantee rate, and absence of criminal acts harming the bank.
Also in Indonesia, the Provincial Government of DKI Jakarta will begin a gradual implementation of controlled landfill practices at Bantargebang starting August 1, 2026. This initiative replaces open dumping with controlled landfill methods to increase waste processing capacity and reduce open dumping by 2028. Improvements include geomembrane covering, sanitation, and slope stabilization.
Enforcement of environmental regulations continues in Jakarta, where individuals caught illegally dumping waste in Grogol Selatan face administrative fines of 500,000 Indonesian Rupiah. This action is based on Peraturan Daerah Provinsi DKI Jakarta Nomor 3 Tahun 2013 Pasal 130 ayat (1) huruf b.
In North Jakarta, the Sudin Lingkungan Hidup has sanctioned a driver with a formal warning and compensation payment for misuse of operational fuel.
Turning to Singapore, the Health Sciences Authority has clarified that health supplements do not require pre-market approval or evaluation but must comply with safety and quality safeguards. These include prohibitions on medicinal ingredients such as steroids, strict limits on toxic heavy metals, and ensuring product claims are not false or misleading.
Additionally, Singapore has initiated a retail-level recall of Decondine Syrup batches containing pseudoephedrine and triprolidine. The recall follows out-of-specification results for triprolidine assay, pH, and viscosity. All affected batches within expiry must cease supply immediately and be returned to the company.
In the Philippines, the Bureau of Customs has signed a Joint Action Plan with Israel Customs to advance a Mutual Recognition Agreement for Authorized Economic Operator programs. This agreement aims to simplify customs procedures and expedite cargo clearance for AEO-certified companies.
Finally, in Singapore, Otsuka Pharmaceuticals will discontinue the Healthcare Professional Education and Certification programme and the verification of prescribing checklists against stock balances for Jinarc® (tolvaptan). Blood test requirements for hepatic transaminases and bilirubin, as well as the distribution of patient education materials, will continue.
That wraps up today's regulatory updates. Visit carveragents.ai for more information.