[ASEAN] Regulatory Insights on Inflation, Compliance & BPR Updates

Welcome to Carver's ASEAN Regulatory Updates for April 26, 2026. The Bangko Sentral ng Pilipinas, or BSP, has raised the reverse repurchase rate by 25 basis points to 4.5 percent, ending its easing cycle and signaling possible further small hikes. Financial institutions are required to adjust their lending and borrowing policies to reflect the new benchmark rates and closely monitor inflation and global economic conditions for further policy changes. Additionally, effective April 27, 2026, the BSP has set Discount Window Facility interest rates for loan maturities of 1 to 90 days at 5.5510 percent and for 91 to 180 days at 5.6020 percent. Banks must apply these new rates and monitor the BSP Overnight Lending rate and spreads for future adjustments. In Singapore, 800 Super Waste Management Pte Ltd has been awarded the new Public Waste Collection Licence for the Zone 6 Pasir Ris-Bedok sector. The licence period runs from July 1, 2026, to June 30, 2033. The company will deploy a modernised fleet of 69 trucks, including 18 new electric rear-end loader trucks, and will increase recyclables collection frequency for Housing Development Board households with larger bins to three times a week. Turning to Indonesia, the Indonesia Deposit Insurance Corporation, known as LPS, has announced several updates regarding deposit guarantee payments for revoked banks. For PT BPR Bumi Pendawa Raharja, LPS is conducting phased reconciliation and verification to determine payable deposits, with completion set for April 27, 2026. Depositors must submit claims within five years from the license revocation date, which is December 14, 2030. A formal objection process is also available, allowing depositors to challenge deposit insurance status within 180 calendar days from the announcement, supported by evidentiary documents submitted physically or via LPS’s online application. For Perumda BPR Bank Cirebon, LPS has determined insured deposit status and initiated phased payments starting April 24, 2026. Depositors must submit claims within five years from license revocation, by February 8, 2031, and provide valid identification and proof of deposit ownership to the paying bank. Any disputes on deposit insurance status must be submitted to LPS within 180 calendar days from the announcement, by October 20, 2026. Additionally, for PT BPR Sumber Usahawan Bersama, LPS has set the deadline for submitting deposit insurance claims as July 1, 2026. Depositors are required to submit claims through the paying bank with original and photocopies of identity documents such as KTP, SIM, or passport, along with proof of deposit ownership like passbooks or deposit slips. In the Philippines, the National Telecommunications Commission has extended the deadline for public consultation inputs on the Initial Access List from April 13 to April 27, 2026. That wraps up today's regulatory updates. Visit carveragents.ai for more information.