A 7.2-magnitude earthquake has struck in the central Philippines, killing at least four people and collapsing and damaging buildings, radio reports and officials said.

The quake was centred 56 kilometres deep below Carmen town on Bohol Island and was felt across the region.

Radio station DZMM quoted civil defence officials as saying that four people died when part of a fish port collapsed in nearby Cebu city, across the strait from Bohol.

The roof of a market in Mandaue in Cebu province also collapsed, injuring 19 people, according to TV reports. People rushed out of buildings and homes, including hospitals as aftershocks continued.

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Bohol Gov. Edgardo Chatto said that a church was reported damaged in the provincial capital of Tagbilaran and a part of the city hall collapsed, injuring one person.

Earthquakes are common in the Philippines, which lies along the Pacific "Rim of Fire".

The Pacific Tsunami Warning Centre has not issued any tsunami warning for New Zealand.

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PHOTO: @tokyodrastic reports road damage, electric lines down in Bohol, Philippines after quake: pic.twitter.com/iEjd6Ey0tE

MT @iLuvCebuTeam: In the #quake evacuation area. #Philippines pic.twitter.com/ViPW5eEqMs

PHOTO: Damage to Cebu Doctors' Univ. bldg. after earthquake: pic.twitter.com/FpQxdK1NS7 - @psycharlotta19 via @RobDavis_Wx

PHOTO: Minor issues so far in Cebu, Philippines after major earthquake in region: pic.twitter.com/uy4hommZtZ - @marky_bautista

- AFP/APNZ/AP