A powerful 7.4 magnitude earthquake rattled the southeastern Philippines, sending residents into a panic as tsunami warnings were issued. Fortunately, the tsunami threat has now passed, and the region can breathe a sigh of relief.

Key points include:

• Magnitude 7.4 quake struck offshore, 33 km ESE of Baculin, Philippines.
• Tsunami warnings lifted after initial fears.
• Residents experienced panic but are now safe.
• Various news outlets, including BBC and CNN, reported on the incident.

Here's the full scoop.