First of all, no offense to anybody, this is just my experience of working on the web for 2 years now.
Never hired a Filipino company but I've never been satisfied working with any Indian company or developer before in my life, and this has not changed. I've worked with 3x Indian companies, 2x Indian freelancers before.
Indians that were raised in Canada, US etc seem to not have this problem so it must be a cultural thing.
Most common problem:
1. Says "YES sir" to all your questions without thinking it through just to get the project.
2. Ask for money earlier than the agreed timeline.
3. Gives a non-working product.
4. Starts out late and only work on your project when they're in need of the money.
5. No quality.
6. For web stuff, they will be coders, not programmers, the codes will look as if they were paid to code per line. Very under optimized.
etc
I'd go with Ukrainian, mid-EU, Russian developers instead since they're not that much more expensive.