[ASEAN] Regulatory Updates: Deposit Insurance, Tender Collusion & Monetary Policy Insights

Covering pengumuman, Tender Collusion, Enforcement, Monetary Policy, Interest Rate. Key regulatory updates on deposit insurance claims by Indonesia's LPS, tender collusion investigations by KPPU, enforcement actions on unlicensed capital market activities, and recent monetary policy shifts affecting interest rates in ASEAN markets.

Show Notes

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

What is Regulations Across ASEAN?

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 February 24, 2026.

We begin with important developments from Indonesia’s Deposit Insurance Corporation, LPS. Following the revocation of PT BPR Kamadana’s business license by the Financial Services Authority, OJK, effective February 18, 2026, LPS has initiated deposit insurance claim payments and bank liquidation processes. LPS will reconcile and verify deposit data within 90 working days, concluding by July 10, 2026. Depositors can check their deposit status at BPR Kamadana offices or on the LPS website once payments are announced. Debtors can continue loan repayments at BPR Kamadana via the LPS liquidation team. All assets and documents of PT BPR Kamadana are now under LPS custody and supervision.

Similarly, LPS has announced the payment schedule and claim submission deadlines for depositors of PT BPR Suliki Gunung Mas. Reconciliation and verification of deposits will be completed by May 15, 2026. Claims submission deadline is January 6, 2031, and objections to deposit insurance status must be submitted by August 21, 2026.

Turning to the institutional report from LPS for the fourth quarter of 2025, the corporation provided updated data on deposit insurance coverage and the performance of the banking and insurance sectors. LPS’s mandate will expand to include insurance policy guarantees starting January 1, 2027. Preparatory activities for this Public-Private Partnership implementation are ongoing throughout 2026. Banks must continue paying deposit insurance premiums semi-annually by January 31 and July 31. LPS will finalize regulations and infrastructure for this expanded role by the end of 2026.

In monetary policy news, Bank Indonesia has maintained the BI-Rate at 4.75 percent, along with the Deposit Facility and Lending Facility rates. The central bank emphasized strengthened policies including Rupiah exchange rate stabilization in offshore and domestic markets, enhanced monetary operations to attract portfolio inflows, macroprudential liquidity incentives, and readiness of the payment system.

Meanwhile, the Bangko Sentral ng Pilipinas, or BSP, has reduced its Target Reverse Repurchase Rate by 25 basis points to 4.25 percent. The overnight deposit facility rate is now 3.75 percent, and the overnight lending facility rate stands at 4.75 percent. Banks must adjust their interest rate frameworks in line with the new BSP Target RRP Rate and facility rates.

In regulatory enforcement, the High Court upheld convictions against individuals conducting unlicensed capital market activities. This decision reinforces the importance of obtaining a Capital Markets Services Licence before engaging in regulated capital market activities.

The Securities Commission Malaysia has updated its Investor Alert List as of February 16, 2026. Two entities have been added: Unity Funds and a potential clone entity named 8F Asset Management. Investors are advised to consult the updated list before making investment decisions and to report any suspicious capital market activities to the Securities Commission.

In competition law, Indonesia’s Business Competition Supervisory Commission, KPPU, summoned an expert witness in a hearing concerning alleged collusion in the tender process for the CISEM II gas project. Businesses involved are reminded to comply with competition laws, avoid collusive practices, and cooperate fully with regulatory investigations.

Finally, at the India AI Impact Summit 2026, countries including India, Indonesia, Uganda, and Ghana focused on cooperation in artificial intelligence. The summit emphasized shared learning, regulatory alignment, and infrastructure partnerships to develop governance frameworks supporting AI technology. Participating nations aim to enhance collaboration, improve AI infrastructure and skills, and adopt AI to foster economic and social outcomes.

That wraps up today's regulatory updates. Visit carveragents.ai for more information.