Yawn... go to Philippines... their international bandwidth sucks. Wifi will change nothing.
The only major issue i have is that PLDT's dns is shit, so i have to reroute everything to google dns.
Also OT: I'm a student from Germany who studied in the Philippines for a while. I'm always interested to go back for a few months. If you have an office in PH and looking for motivated developers, don't hesitate to contact me.
It would be great if it were possible to rent office space there, assuming you could get decent up/down speeds. Bacolod City is a nice jumping-off spot for the rest of the Visayas (and things like island-hopping and scuba diving).