All the passengers and crewmembers of fast-craft Mercraft 3, which sank off Quezon, have been all accounted for.
National Disaster Risk Reduction and Management Council (NDRRMC) Spokesperson Romina Marasigan says, 252 persons have been rescued.
5 died in the mishap on Thursday.
Four bodies have been identified while one fatality has yet to be identified.
The inter-island ferry sank after two hours into the trip from Real, Quezon.
It was heading to Polillo Island.
The incident happened between Infanta town and Polillo Island in Quezon.
Survivors recall, the boat was battered by heavy rains and huge waves brought by tropical storm Vinta.
The vessel started to sink after taking in water at the front side.
Passengers and crew were rescued by the Philippine Navy, the Philippine Coast Guard and a fleet of fishing boats.
There are speculations the ferry hit something while sailing in rough sea and this resulted in a hole at the front side of the boat.