Philippine seismologists say that a new offshore earthquake with a preliminary 6.8 magnitude hit the same southern region struck earlier by an earthquake with a magnitude of 7.4.

Just two weeks after 74 people were killed by a 6.9 magnitude earthquake in the Philippines, a stronger 7.4 tremor struck parts of the country at 9.43am local time on Friday October 10.

An offshore earthquake with a preliminary magnitude of 7.4 hit off a southern Philippine on Friday morning - and concern has grown a tsunami may hit the nation and Indonesia

The Philippine central bank projected on Wednesday that the country will post a current account deficit equal to 3.3% of gross domestic product (GDP) in 2025, with a balance of payments deficit of $6.

The Philippine central bank on Friday revised up its projections for the country's current account and balance of payments surpluses this year and in 2021, underscoring an improved outlook for the pandemic-hit economy.