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MANILA (2nd UPDATE) - One person died while 43 others were injured after a Victory Liner passenger bus fell into a ravine in Olongapo City on Monday, police said.

The incident occurred at around 5 p.m. Monday in Purok 12, Barangay Old Cabalan.

Initial police investigation showed that the bus' brakes failed, and the driver lost control of the vehicle.

An unidentified bystander who was hit by the bus died in the incident, police said.

She is between 45 to 50 years old. Her body was brought to the James L. Gordon Memorial Hospital.

The Victory Liner bus bound for Zambales left Manila past 1 p.m. Monday. -- reports from Jeff Gallos, dzMM; ANC