The Philippines is no stranger to typhoons, but this year’s storms exposed something far uglier: a vast corruption scandal.

On today’s Big Take Asia Podcast, host K. Oanh Ha speaks to Bloomberg’s Andreo Calonzo and Rosalind Mathieson about how billions of dollars earmarked for flood control vanished and what the crisis means for the country’s political and economic stability.

The Philippines is no stranger to typhoons, but this year&rsquo;s storms exposed something far uglier: a vast corruption scandal.
On today&rsquo;s Big Take Asia Podcast, host K. Oanh Ha speaks to Bloomberg&rsquo;s Andreo Calonzo and Rosalind Mathieson about how billions of dollars earmarked for flood control vanished and what the crisis means for the country&rsquo;s political and economic stability.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region.

We’re taking The Big Take to Asia. Each week, Bloomberg’s Oanh Ha tells a story from the home of the world's most dynamic economies - and the markets, tycoons and businesses that drive the ever-shifting region.

Big Take Asia

The $2 Billion Flood Control Scandal Rocking the Philippines

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/63d0a7ba-593a-455d-9184-b3b5016234dd/transcript

The US Federal Reserve left interest rates unchanged in their first meeting under new Chairman Kevin Warsh today. The policy makers were split on whether they expect to raise rates this year, and Warsh himself declined to submit a forecast.

Warsh also held his first, highly anticipated press conference. Bloomberg’s Enda Curran was there and joins host David Gura to talk through big changes at the US Federal Reserve.

Read more: The Fed’s New Dot Plot After Its June Policy Meeting

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by David Gura; Produced by Julia Press and Rachael Lewis-Krisky; Reported by Enda Curran; Edited by Jeffrey Grocott.

Fact-checking by Laura Newcombe and Victor Swezey; Engineering by Alex Sugiura.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

The US Federal Reserve left interest rates unchanged in their first meeting under new Chairman Kevin Warsh today. The policy makers were split on whether they expect to raise rates this year, and Warsh himself declined to submit a forecast.
Warsh also held his first, highly anticipated press conference. Bloomberg&rsquo;s Enda Curran was there and joins host David Gura to talk through big changes at the US Federal Reserve.
Read more:&nbsp;<a href="https://www.bloomberg.com/news/articles/2026-06-17/the-fed-s-new-dot-plot-after-its-june-policy-meeting-chart?srnd=homepage-americas">The Fed&rsquo;s New Dot Plot After Its June Policy Meeting</a>
We have a special Bloomberg subscription offer for podcast listeners at&nbsp;<a href="https://www.bloomberg.com/subscriptions/podcasts">Bloomberg.com/podcastoffer.</a>
Hosted by David Gura; Produced by Julia Press and Rachael Lewis-Krisky; Reported by Enda Curran; Edited by Jeffrey Grocott.
Fact-checking by Laura Newcombe and Victor Swezey; Engineering by Alex Sugiura.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

The Federal Reserve Enters Its Kevin Warsh Era

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/eb1d08cf-9e08-430a-9f4b-b46c016d9ad4/transcript

An interim deal to reopen the Strait of Hormuz offers relief, but Asia’s economic woes are far from over. Beyond the chokepoint, the conflict has forced long-lasting shifts in Asia’s food and energy flows.

On today’s Big Take Asia podcast, Oanh Ha joins Odd Lots co-hosts Tracy Alloway and Joe Weisenthal to discuss why Asia is reeling from the conflict and what the “new normal” looks like for global supply chains.



Hosted by Oanh Ha; Produced by Yang Yang; Reported by Tracy Alloway, Joe Weisenthal; Edited by Patrick Hirsch, Julia Weaver.

Fact-checking by Laura Newcombe; Engineering by Taka Yasuzawa.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

An interim deal to reopen the Strait of Hormuz offers relief, but Asia&rsquo;s economic woes are far from over. Beyond the chokepoint, the conflict has forced long-lasting shifts in Asia&rsquo;s food and energy flows.
On today&rsquo;s Big Take Asia podcast, Oanh Ha joins Odd Lots co-hosts Tracy Alloway and Joe Weisenthal to discuss why Asia is reeling from the conflict and what the &ldquo;new normal&rdquo; looks like for global supply chains. 
Hosted by Oanh Ha; Produced by Yang Yang; Reported by Tracy Alloway, Joe Weisenthal; Edited by Patrick Hirsch, Julia Weaver.
Fact-checking by Laura Newcombe; Engineering by Taka Yasuzawa.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

The Iran War’s Lasting Scars Across Asia

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ce93c54f-2634-47ec-a55c-b46b013ecd93/transcript

After nearly four months of fighting, the US and Iran have declared a memorandum of understanding aimed at halting hostilities between the two sides and reopening the Strait of Hormuz. Oil fell and stocks rose on the announcement that the conflict could soon be over, but a lack of details and ongoing fighting between Israel and Iran’s proxies in Lebanon have left many wondering if this is just a temporary reprieve.

On today’s Big Take podcast, Sarah Holder and Bloomberg National Security Editor Nick Wadhams look at what each side wants in a deal, how Israel fits into the equation and what to watch for ahead of the formal signing on June 19 in Switzerland.

Read more: Netanyahu Pays the Political Price for Iran Gambit With Trump

We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer.

Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky; Reported by Nick Wadhams; Edited by Jeffrey Grocott.

Fact-checking by Laura Newcombe, Julia Press and Victor Swezey; Engineering by Alex Sugiura.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

After nearly four months of fighting, the US and Iran have declared a memorandum of understanding aimed at halting hostilities between the two sides and reopening the Strait of Hormuz. Oil fell and stocks rose on the announcement that the conflict could soon be over, but a lack of details and ongoing fighting between Israel and Iran&rsquo;s proxies in Lebanon have left many wondering if this is just a temporary reprieve.
On today&rsquo;s Big Take podcast, Sarah Holder and Bloomberg National Security Editor Nick Wadhams look at what each side wants in a deal, how Israel fits into the equation and what to watch for ahead of the formal signing on June 19 in Switzerland.
Read more:&nbsp;<a href="https://www.bloomberg.com/news/articles/2026-06-15/trump-iran-deal-sparks-israel-outrage-and-netanyahu-backlash?srnd=phx-politics">Netanyahu Pays the Political Price for Iran Gambit With Trump</a>
We have a special Bloomberg subscription offer for podcast listeners at <a href="https://www.bloomberg.com/subscriptions/podcasts">Bloomberg.com/podcastoffer.</a>
Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky; Reported by Nick Wadhams; Edited by Jeffrey Grocott.
Fact-checking by Laura Newcombe, Julia Press and Victor Swezey; Engineering by Alex Sugiura.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

How the US and Iran Might Spin Their Deal to End the War

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/94b88018-c61f-4aa5-a1fb-b46a01611c1b/transcript

The $2 Billion Flood Control Scandal Rocking the Philippines

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