The Philippines has a few telecommunication company and hardly any anti-trust laws. That makes for a lack of development and the entry of other players into the market.
With rates like P7.50 per minute (Smart) and P7.25 (Globe); there is something wrong. While the rates do not sound too bad; it adds up. It also is interesting that are rates are high compared to Hong Kong (P4), Singapore (P2.8), India (P3.2)