The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
DOWNLOAD
grocery-2-aa
Economic Updates
Inflation Update: BSP poised for a string of rate cuts as inflation cools
DOWNLOAD
View all Reports
Metrobank.com.ph Contact Us
Follow us on our platforms.

How may we help you?

TOP SEARCHES
  • Where to put my investments
  • Reports about the pandemic and economy
  • Metrobank
  • Webinars
  • Economy
TRENDING ARTICLES
  • Investing for Beginners: Following your PATH
  • On government debt thresholds: How much is too much?
  • Philippines Stock Market Outlook for 2022
  • No Relief from Deficit Spending Yet

Login

Access Exclusive Content
Login to Wealth Manager
Visit us at metrobank.com.ph Contact Us
Access Exclusive Content Login to Wealth Manager
Search
The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
May 8, 2025 DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
May 8, 2025 DOWNLOAD
grocery-2-aa
Economic Updates
Inflation Update: BSP poised for a string of rate cuts as inflation cools
May 6, 2025 DOWNLOAD
View all Reports
BusinessWorld 4 MIN READ

PH urged to prepare for ‘The Big One’

March 29, 2023By BusinessWorld
Related Articles
BSP urged to remain  hawkish in next 2 years November 24, 2023 Gov’t to borrow PHP 200B from domestic market January 24, 2023 SEC sets faster settlement of security trades August 25, 2023

THE PHILIPPINE GOVERNMENT should ramp up investments in disaster response programs as well as the healthcare system to ensure their readiness in the event of a catastrophic earthquake along the West Valley Fault in Metro Manila, the World Bank said.

“A Metro Manila risk assessment estimated that a magnitude 7.2 earthquake on the West Valley Fault (a probable maximum scenario, so-called ‘The Big One’), could result in an estimated 48,000 fatalities and USD 48 billion in economic losses,” according to a World Bank blog.

“It also poses a severe threat to urban mobility in the metropolitan area and the provision of key public services, including the health system, as well as lifeline infrastructure like water and energy supply.”

The World Bank said the West Valley Fault line “poses the most serious threat” out of multiple earthquake generators in Metro Manila.

The West Valley Fault traverses the cities of Taguig, Muntinlupa, Parañaque, Quezon City, Pasig, Makati and Marikina, as well as the provinces of Rizal, Laguna, Cavite and Bulacan.

The fault moves every 200 to 400 years, according to the Philippine Institute of Volcanology and Seismology. Its last recorded movement was in 1658 or 365 years ago.

“Targeting critical road segments and neighborhoods for emergency preparedness and response investments can accelerate recovery times and strengthen people’s access to essential public services during a disaster and in its immediate aftermath,” it said.

The World Bank said the government should ensure hospitals and the healthcare system could withstand a major earthquake and are accessible once transport infrastructure is affected.

“Operational facilities are necessary for government continuity plans and for meeting surge demand caused by an earthquake, while simultaneously continuing to provide the baseline services needed by everyday patients and people with preexisting health conditions,” it said.

It found that the 5,300 road segments that cross the West Valley Fault would “incur significant damage and may become impassable” in the event of an earthquake.

“As a result, people may not be able to access critical public services and jobs, while the government may be prevented from effectively responding to the emergency,” it added.

Over 7,000 kilometers of roads or about 34% of Metro Manila’s road network could also be affected by liquefaction, which could deform the ground and obstruct roads.

“In several locations affected by liquefaction, access times could be 10 times longer, thus effectively cutting people off. The results also suggest that in the post-earthquake scenario, hospital access by ambulance would now exceed one hour for almost 10% of the population of Metro Manila (or 1.1 million people) compared with 0.7% in the baseline scenario,” it added.

In 2021, the World Bank approved a USD 300-million loan for the Philippines’ Seismic Risk Reduction and Resilience project, which aims to boost disaster preparedness in Metro Manila.

The project involves retrofitting public buildings to make them more resilient against disasters, and improving the preparedness and response capacity of key government agencies. It would also help boost the capacity of the Department of Public Works and Highways to respond to emergencies and provide essential support after a disaster.

Under the project, 425 public buildings including health facilities and schools would be upgraded. The project also improves emergency preparedness, crisis communication and information management.

“Disasters like the earthquake on April 22, 2019, have underscored the urgent need to prepare Metro Manila for earthquakes with epicenters closer to the city. Through this project, the Philippine government is doing just that, by actively increasing the resilience and safety of the population and proactively strengthening its disaster preparedness,” it added.

At that time, a magnitude 6.1 earthquake hit Central Luzon, which left 18 dead, three missing and about 250 injured. It caused an estimated PHP 505.92 million in damage to schools, roads and bridges. — Luisa Maria Jacinta C. Jocson

This article originally appeared on bworldonline.com

Read More Articles About:
Worldwide News Philippine News Rates & Bonds Equities Economy Investment Tips Fine Living

You are leaving Metrobank Wealth Insights

Please be aware that the external site policies may differ from our website Terms And Conditions and Privacy Policy. The next site will be opened in a new browser window or tab.

Cancel Proceed
Get in Touch

For inquiries, please call our Metrobank Contact Center at (02) 88-700-700 (domestic toll-free 1-800-1888-5775) or send an e-mail to customercare@metrobank.com.ph

Metrobank is regulated by the Bangko Sentral ng Pilipinas
Website: https://www.bsp.gov.ph

Quick Links
The Gist Webinars Wealth Manager Explainers
Markets
Currencies Rates & Bonds Equities Economy
Wealth
Investment Tips Fine Living Retirement
Portfolio Picks
Bonds Stocks Model Portfolio
Others
Contact Us Privacy Statement Terms of Use
© 2025 Metrobank. All rights reserved.

Read this content. Log in or sign up.

​If you are an investor with us, log in first to your Metrobank Wealth Manager account. ​

If you are not yet a client, we can help you by clicking the SIGN UP button. ​

Login Sign Up