Manila was shaken by an earthquake with a magnitude of 5.9 on Tuesday, with many people evacuating buildings in the Philippines capital.
The quake struck off the main Luzon island, the state seismology agency said. No casualties were immediately reported.
The seismology agency said on social media platform X, formerly Twitter, that it did not expect damage, but warned of aftershocks.
It recorded the offshore earthquake at a depth of 79km, with the epicentre about 130km from the capital region.
“We felt the strong and lengthy tremor,” Michael Orayani, mayor of Lubang town in Occidental Mindoro province, told DWPM radio station. “We rushed outdoors, even while the building was shaking.”
Images shared by media on X showed government workers leaving Congress, Senate, the Presidential Palace and Justice Ministry buildings. Students also evacuated universities.
The transport ministry stopped train operations in the capital. At the airport, no damage was observed on the runway, taxiway pavements and terminal infrastructure, the state operator said.
The European-Mediterranean Seismological Centre had earlier recorded the quake as having a magnitude of 6.2 before downgrading it to 6.0.
Earthquakes are common in the Philippines, which lies on the “Ring of Fire”, a belt of volcanoes circling the Pacific Ocean that is prone to seismic activity.
Three people died from a 7.4-magnitude earthquake that struck the southern Philippines on Saturday night. It was followed by more than 2,000 aftershocks that prompted thousands to stay in evacuation centres.
A separate quake with a magnitude of 6.8 struck Mindanao early on Monday morning.
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THE BIO
Favourite book: ‘Purpose Driven Life’ by Rick Warren
Favourite travel destination: Switzerland
Hobbies: Travelling and following motivational speeches and speakers
Favourite place in UAE: Dubai Museum
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Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.
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Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.
Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.
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