...and panic-buying reported as residents stocked up on bottled water.

[Tofu]

Hello Alan, Mister Micawber, Beeesneees, Mordant, Esl_Expert and other native English speakers,

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http://www.bbc.co.uk/news/world-asia-pacific-10799219
Water supplies in the city of 4.5 million people were briefly suspended and panic-buying reported as residents stocked up on bottled water.
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Is this sentence okay without "was" after the "panic-buying"?

[Beeesneees]

No. It needs 'was' to be correct.
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Cheers m' dears!

[Tofu]

Thank you, B.