hmm, so will there be much difference with your connection speed or latency considering that most site that filipinos are accessing are from overseas?
Here in SG, their government and the ISP's have a program that started about 2-3years ago that's the same as this. They want to roll out fiber connection to the entire island, it should be finish by next year. In business districts, it's done.
We already have this in our office, gigabit connection within the island and latency to website that's with Singapore is just 1-2ms. The good thing with it is that many websites are hosted in SG, most of the CDNs in Asia Region are also in SG and HK. Not much difference though for a website that's from overseas.