Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >At least 7 dead after Philippines hit by twin quakes, tsunami warning up
    Finance

    At Least 7 Dead After Philippines Hit by Twin Quakes, Tsunami Warning Up

    Published by Global Banking & Finance Review®

    Posted on October 10, 2025

    4 min read

    Last updated: January 21, 2026

    Add as preferred source on Google
    The image captures President Zelenskiy during a press conference, asserting Ukraine's commitment to sovereignty and territorial integrity. This aligns with his statement that Ukrainians will not concede land to occupiers, emphasizing the nation's resolve amidst geopolitical tensions.
    Ukrainian President Zelenskiy emphasizes land sovereignty against occupiers - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:financial crisiseconomic recovery

    Quick Summary

    Twin earthquakes in the Philippines have resulted in seven deaths and significant damage, with tsunami warnings issued and later lifted.

    Twin Earthquakes in the Philippines Leave Seven Dead and Cause Damage

    By Mikhail Flores

    MANILA (Reuters) -Two powerful offshore earthquakes struck off the southern Philippines on Friday, killing at least seven people, while towns near the epicentre suffered structural damage and authorities warned of strong aftershocks. 

    The first quake of magnitude 7.4, in waters off the town of Manay in the province of Davao Oriental, triggered a tsunami alert for coasts within 300 km (186 miles) of the epicentre, but the warnings for the Philippines and Indonesia were subsequently lifted.

    A second earthquake of magnitude 6.8 struck the same area seven hours later, triggering a new tsunami warning, with the country's seismology agency Phivolcs warning of possible waves that could be more than one metre (3.2 feet) higher than normal tides.

    People living near coastal areas in the southern Philippines were "strongly advised to immediately evacuate" to higher ground, or move further inland, it said in an advisory.

    Phivolcs Director Teresito Bacolcol described the twin earthquakes as a "doublet", two distinct earthquakes that occurred along a massive trench off the country's eastern seaboard.

    There were initial reports of damage to homes, buildings and bridges, one official in Manay said, although the full extent of the damage in the Philippines was not immediately clear.

    At least seven people were killed, civil defence official Ednar Dayanghirang said in a briefing. The fatalities were reported in towns and cities near the earthquake's epicentre.

        The twin quakes were among the strongest in recent years to hit the Philippines, which sits on the Pacific "Ring of Fire" and experiences more than 800 quakes each year.

    It came two weeks after the Philippines experienced its deadliest earthquake in more than a decade with 74 people killed on the central island of Cebu following an offshore quake of magnitude 6.9.

    VEHICLES SHAKING, GATES RATTLING

    A video posted on social media and verified by Reuters showed people in the city of Davao calmly holding on to parked vehicles that rocked from side to side as the ground shook, as metal gates rattled nearby. 

    Richie Diuyen, a disaster official in Manay, said the quake lasted 30 to 40 seconds and damaged some homes and the facade of a church, while leaving cracked roads and unpassable bridges.    

    "We couldn't stand earlier. I am 46 years old now, and this is the strongest earthquake I ever felt," Diuyen said by phone. 

    Earlier, President Ferdinand Marcos Jr said authorities were assessing the situation and search-and-rescue teams would fan out once it was safe.

    "We are working round the clock to ensure that help reaches everyone who needs it," he said in a statement.

    WARNING OF STRONG AFTERSHOCKS

    Phivolcs warned of aftershocks and urged people in affected areas to stay away from the shoreline.

    Verified footage from the southern Philippines showed workers filing out of buildings to gather in the streets, lamps swaying in shops, and offices with toppled cabinets and workers holding on to desks as structures and fittings around them creaked. 

    Video images from Indonesia's island of Sulawesi showed fishing boats returning from sea and children playing on a beach from which water had receded. 

    Phivolcs revised down the magnitude to 7.4 from an initial figure of 7.6, and put the quake's depth at 23 km (14 miles). The second quake was also downwardly revised to 6.8 from 6.9, with an depth of 37 km (23 miles).

    The governor of Davao del Norte in the Philippines said people panicked when the earthquake struck.

    "Some buildings were reported to have been damaged," Edwin Jubahib told broadcaster DZMM. "It was very strong." 

    (Reporting by Mikhail Flores in Manila and Ananya Palyekar and Mrinmay Dey in Bengaluru; Additional reporting by Ananda Teresia and Gayatri Suroyo in Jakarta; Writing by Martin Petty; Editing by John Mair, Clarence Fernandez and Sharon Singleton)

    Key Takeaways

    • •Two powerful earthquakes hit the southern Philippines.
    • •At least seven people have died due to the quakes.
    • •A tsunami warning was issued but later lifted.
    • •Significant structural damage reported near the epicenter.
    • •Authorities warn of possible strong aftershocks.

    Frequently Asked Questions about At least 7 dead after Philippines hit by twin quakes, tsunami warning up

    1What is an earthquake?

    An earthquake is the shaking of the surface of the Earth resulting from a sudden release of energy in the Earth's lithosphere that creates seismic waves.

    2What is a tsunami?

    A tsunami is a series of ocean waves caused by any large and sudden disturbance in or near a body of water, often triggered by earthquakes.

    3What are aftershocks?

    Aftershocks are smaller earthquakes that occur in the same general area during the days to years following a larger earthquake.

    4What is structural damage?

    Structural damage refers to harm caused to the physical integrity of a building or structure, often due to natural disasters like earthquakes.

    5What is disaster management?

    Disaster management involves the planning and coordination of resources and responsibilities to prepare for, respond to, and recover from disasters.

    More from Finance

    Explore more articles in the Finance category

    Image for Commerzbank supervisory board committee met 11 times to discuss UniCredit in 2025
    Commerzbank Supervisory Board Committee Met 11 Times to Discuss UniCredit in 2025
    Image for Swiss air transport caterer Gategroup considers listing
    Swiss Air Transport Caterer Gategroup Considers Listing
    Image for German business sentiment fell less than expected in March, Ifo finds
    German Business Sentiment Fell Less Than Expected in March, Ifo Finds
    Image for On Holding names co-founders as CEOs
    On Holding Names Co-Founders as CEOs
    Image for ECB may need to act on even 'not-too-persistent' inflation surge, Lagarde says
    ECB May Need to Act on Even 'not-Too-Persistent' Inflation Surge, Lagarde Says
    Image for Europe's STOXX 600 gains 1% on prospect of Middle East ceasefire
    Europe's Stoxx 600 Gains 1% on Prospect of Middle East Ceasefire
    Image for Estonia says drone enters from Russia, hits power station, ERR reports
    Estonia Says Drone Enters From Russia, Hits Power Station, Err Reports
    Image for Germany's Aurelius interested in buying Carrefour's Belgian unit, L'Echo reports
    Germany's Aurelius Interested in Buying Carrefour's Belgian Unit, L'Echo Reports
    Image for Germany's EnBW expects profits to be stable at best in 2026
    Germany's EnBW Expects Profits to Be Stable at Best in 2026
    Image for UK, EU and Switzerland set out one-day settlement testing plan
    Uk, EU and Switzerland Set Out One-Day Settlement Testing Plan
    Image for Taiwan wary that China could exploit US distraction over Middle East war
    Taiwan Wary That China Could Exploit US Distraction Over Middle East War
    Image for Russian attacks knock out power for thousands in Ukraine's north
    Russian Attacks Knock Out Power for Thousands in Ukraine's North
    View All Finance Posts
    Previous Finance PostUK's Ibstock Warns of Profit Drop Amid Construction Market Woes
    Next Finance PostUK Employers Curb Hiring and Pay Rises Before Budget, Recruiters Say