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Authorities are still trying to determine whether any foreigners were on board the ferry, which is afloat off the town of Coron, known for its diving sites and island-hopping attractions.
Footage shared by local authorities shows large sections of the vessel engulfed in flames and survivors being pulled out of the water onto Philippine Coast Guard boats.
At least five people died and dozens more are feared missing after a passenger ferry caught fire on Wednesday in the Philippines.
Fire on passenger ferry in Philippines leaves dozens missing and at least 5 dead
At least five people were killed and 86 remain missing after a fire erupted aboard a ferry near a tourist hotspot in the Philippine province of Palawan, the coast guard said Thursday.