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Regional Round-up
Issue 3 of 2026

Your Snapshot of Key Legal Developments in Asia

Issue 3 of 2026 (Jul /Aug / Sep)

Cover Story

INDONESIA

Indonesia Establishes its International Financial Centre: An Introduction to the PFII Law

Indonesia has established a framework for one or more Indonesia International Financial Centres (Pusat Finansial Internasional Indonesia or “PFII“) through the PFII Law, representing a significant step in the country’s efforts to attract international capital, financial institutions, family offices, fintech businesses, and multinational companies. The new regime introduces a specialised legal, regulatory, and dispute resolution framework that differs from Indonesia’s conventional onshore system and is intended to position Indonesia as a regional financial hub. The PFII framework creates a dedicated institutional architecture, including a PFII Board, a PFII management body, a standalone financial services regulator (Lembaga Pengawas Jasa Keuangan or LPJK PFII), a specialised arbitration institution, and a dedicated PFII court.

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rEGIONAL ROUND-UP

2026

2025

2024

2023

Cambodia

Cambodia and Myanmar Sign DTA to Enhance Tax Certainty and Facilitate Cross-border Trade and Investment

CDC Guideline on Investment Capital Implementation for Manufacturing QIPs

NBC Circular Clarifies Banks' and Financial Institutions' Obligations to Provide Customer Account Information and Freeze, Unfreeze or Hold Customer Accounts

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China

China Promulgates New Measures for the Administration of Outbound Investments

Laos and China Launch Cross-border Digital Payment Link

Singapore and China Reaffirm Cooperation on Sustainable Finance

Singapore and China Sign Nuclear Cooperation MOU

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Indonesia

LKPP Regulation 2/2026 Introduces a New E-Catalogue Framework That Reshapes Participation and Purchasing in Government Procurement

Indonesia Establishes its International Financial Centre: An Introduction to the PFII Law

PDP Law Updates: The PDP Implementing Regulation Is Out, and It Clarifies Some Key Questions Under Indonesia's PDP Law
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Lao PDR

Laos and China Launch Cross-border Digital Payment Link

MOIC Issues Decision on Trade Inspection Affairs

Notices on Enterprises' Registered Capital Contributions Issued



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Malaysia

MCMC Consults on Proposed Enhancements to the Communications and Multimedia (Licensing) Regulations 2000

What to Watch: The Next Chapter of Intellectual Property Reform in Malaysia

Merchant Shipping (Amendment) Act 2017 Now in Force


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Myanmar

Cambodia and Myanmar Sign DTA to Enhance Tax Certainty and Facilitate Criss-border Trade and Investment

New IRD Guidance on Real Estate Tax Obligations: Registration, Valuation and Documentation Requirements

MIC Issues New Procedures for Region and State Investment Businesses

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Philippines

IPOPHL’s Draft Guidelines Put Human Creativity at the Centre of Copyright Registration for AI-related Works

DOE and PNOC Sign MOA to Facilitate Securing and Administering Tenurial Instruments for OSW Projects

Executive Order Establishes National Policy Framework for Developing the Philippines' Critical Minerals Industry

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Singapore

Singapore and China Reaffirm Cooperation on Sustainable Finance

Digital Infrastructure Bill Passed in Parliament to Strengthen Digital Economy Foundations

Singapore to Enhance Tax, Business and Talent Incentives to Strengthen Singapore's Asset Management Sector

Singapore and China Sign Nuclear Cooperation MOU
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Thailand

Thailand Postpones Employee Welfare Fund Contributions to 1 January 2027

TCCT Proposes Updates to Thresholds for Monopoly, Merger Notification and Market Dominance

Thailand Introduces New Transition and Amber Bond Frameworks to Support Sustainable Finance


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Vietnam

Vietnam Introduces New Trading and Retail Rules for Foreign-Invested Enterprises

Seven Decrees to Implement Vietnam's New Cybersecurity Regulatory Framework Issued

Vietnam Strengthens Beneficial Ownership Transparency, Streamlines Enterprise Registration, and Introduces New Business Suspension Controls

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Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.