I read Yugatech blog and saw this pricey iPhone available as of Aug 22, 2008.
For the 8GB model, a contract-free phonekit costs Php37,599 and for the 16GB model, it's Php43,799 (includes a Php1,000 load credit spread for 5 months). These prices are on the high-end side of the current line-up in the mobile market along with other competitors such as the Samsung i900 Omnia (SRP for 8GB is Php34,000) and the HTC Touch Diamond (Php41,000).