Try http://www.philweavers.net - I am not sure how it is now, but I have had a bunch of clients from their old site.

I think most people there are from Luzon - the biggest island in the Philippines - has the biggest city - so it is probably more expensive there than to get someone from Cebu. http://www.mynimo.com/ is local to Cebu. Or you could try JobsDB.com OR Jobstreet.com (almost all the big companies in my place advertise in JobsDB.com and Jobstreet.com)

What sort of skills are you looking for? I know some people who can run Linux boxes.

Edit: Just contact me through my email in my profile since I am a bit busy at the moment to check HN regularly.