A powerful 7.1 magnitude earthquake struck the northern Philippine island of Luzon on Wednesday killing four people, damaging buildings and sending strong tremors through the capital, Manila. Two people were killed in Benguet province, one in Abra province, and one …
Rescue teams in the southern Philippines searched for signs of life on Monday in a collapsed shopping center after a powerful earthquake that killed at least three people and wounded dozens more. Disaster response officials said five people were believed …
The Philippines, among the world’s most disaster-prone nations, sold its maiden foreign-currency catastrophe-linked bonds to help cover costs of major calamities, in conjunction with the World Bank. The dual-tranche transaction consists of a $150 million issuance against losses from tropical …
A 6.4-magnitude earthquake struck the Philippines on Tuesday, hitting the central region hours after at least 15 people were killed by a tremor in the main Luzon island. Fourteen of the dead were from Pampanga province, among the hardest hit …
The Philippines’ finance ministry said on Sunday it was exploring a plan to sponsor a catastrophe bond issue, similar to the one launched by the World Bank early this year covering Latin American earthquakes. The so-called cat bonds would help …
The Philippines froze prices for basic goods to prevent gouging in an area cut off by the country’s biggest earthquake in a year, as the death toll from the temblor rose to 107. Rescue crews were searching for survivors in …
Philippine officials conceded Wednesday that there was little hope of finding any survivors among 71 people still buried in landslides set off by a powerful earthquake, as jittery residents stayed away from their homes amid a flurry of aftershocks. Soldiers, …
Rescuers dug with picks and shovels trying to reach dozens of people trapped under houses collapsed by a strong earthquake Monday that shook a central Philippine island and set off landslides. At least 13 people were killed and 40 are …
