A 7.4 magnitude earthquake struck off the southeastern coast of the Philippines Friday morning, according to the US Geological Survey, sending panicked residents running into the streets as the ground shook.

A strong 7.5-magnitude earthquake struck off the southeastern coast of the Philippines on Friday morning, according to seismologists. The extent of potential damage was not immediately clear.

The Pacific Tsunami Warning Center in Honolulu had warned of a “destructive tsunami” within 300 kilometres (186 miles) of the epicentre.

The Philippine Department of Energy has released a comprehensive framework that grants the country's first nuclear power plant priority dispatch, long-term contracting options, and incentives to accelerate the integration of nuclear energy into the power generation mix.