Philippines earthquake News

Hunt for Survivors Underway After Earthquake Hits Philippines Island Trade Building

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 …

Philippines Taps Catastrophe Bonds to Help Pay for Natural Disasters

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 …

Powerful Earthquake Strikes Philippines, Causing Deaths and Damage

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 …

Philippines Weighs Sponsorship of Catastrophe Bond Issue

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 …

Philippines Freezes Prices in Quake Zone as Death Toll Hits 107

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 …

Hopes Fade for Dozens Buried in Philippines Quake

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 Dig to Reach People Trapped by Philippines 6.9 Earthquake

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 …