I'm currently living in the Philippines (Manila), I can give you the lowdown. There's a bunch of limestone crags scattered around and a bit of bouldering. El Nido in Palawan could be a mecca for deep water soloing (kind of like Halong Bay in Vietnam), largely undeveloped as yet - some photos here: http://malacama.multiply.com/photos/album/27
Are you going there sometime soon? PM me, I'll be happy to show you round.
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