(UPDATE) Magnitude 5.3 earthquake jolts seas in Batangas

MANILA, Philippines (Xinhua) - A 5.3 magnitude earthquake jolted seas off Batangas at 1:09 p.m. today local time, according to the Philippine Institute of Volcanology and Seismology (Phivolcs).

No casualties and losses have been reported so far.

The epicenter of the quake was initially determined to be 13.93 degrees north latitude and 120.46 degrees east longitude with a depth of 118 km, the agency said.

The Philippines sits on the Pacific "Ring of Fire" where continental plates collide, causing frequent seismic and volcanic activity. There are about 20 to 25 earthquakes occurring in the country everyday, most of them not felt by the general populace.