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Barely 2 minutes ago, A mild quake was felt in the business district of Makati City, Quezon City, Paisg and Marikina.

Sources say it seemed like intensity 3 or 4.

Update:

From the U.S. Geological Survey website

Magnitude	6.0
Date-Time	Tuesday, November 27, 2007 at 04:27:01 UTC Tuesday, November 27, 2007 at 12:27:01 PM at epicenter Time of Earthquake in other Time Zones
Location	16.037°N, 119.906°E
Depth	62.5 km (38.8 miles) set by location program
Region	LUZON, PHILIPPINES
Distances	45 km (30 miles) W of Dagupan, Luzon, Philippines 85 km (55 miles) WSW of Baguio, Luzon, Philippines 120 km (75 miles) NW of Angeles, Luzon, Philippines 195 km (120 miles) NW of MANILA, Philippines
Location Uncertainty	horizontal +/- 9.2 km (5.7 miles); depth fixed by location program
Parameters	Nst= 47, Nph= 47, Dmin=917.9 km, Rmss=1.16 sec, Gp= 61°, M-type=moment magnitude (Mw), Version=7
Source	USGS NEIC (WDCS-D)

From ABS-CBN News

A magnitude 4.2 earthquake rattled an undersea area off Pangasinan Tuesday afternoon but caused no reported injuries or damage to property.

Jane Punongbayan, supervising science reseach specialist of the Philippine Institute for Volcanology and Seismology, said the epicenter of the quake was 77 kilometers from Lingayen, Pangasinan. She said the quake was felt at Intensity 3 in Ilocos Norte, Intensity 3 in Manila and Intensity 2 in Quezon City.

PHIVOLCS Director Renato Solidum said the agency received reports that the earthquake was felt as far as San Fernando, La Union; Bataan area and parts of Metro Manila.

A radio dzMM report said Malacañang employees evacuated the second and third floors of the palace after the quake struck.

Punongbayan said the quake is unlikely to cause a tsunami or even stronger aftershocks. “Usually only magnitude 7 earthquakes under the sea can cause a tsunami. This was only magnitude 4.2,” she told radio dzMM.