The Philippine Peso has been steadily appreciating.
If your savings/income is in Philippine Pesos, then the cost of training outside the Philippines has gone down. Search the web for the PHP's trend. Some say it'll be USD1:PHP38 in 2008.
Its a good time to buy imported goods
Australia and the US have relatively low inflation compared to the Philippines. Prices there haven't increased as much as in the Philippines.
my 2 centavos ...