Hi,
Allow me to put my honest words on your thoughts of living in the Philippines. It is a nice country with mostly nice hospitable people. I say mostly because anywhere in the world you will encounter people who will try to take advantage of you if you allow it. So be cool but be aware. To have a little bit of consolation, most foreigners who by any chance visited Philippines either for a short visit or business, they end up coming back and some stayed for good when they get married. Probably the reason behind is economical living..where you get to have what you want for a fair amount of price compared when you do it in either Europe of America. Also if you plan to do business, be mindful that what you will earn is comparative to the country's economic condition so its not gonna be the same as when you are earning back in your country. If you are down to earth and can live a comfortable but not luxurious lifestyle, then you find the right place.
I hope by now you are having a good time touring Philippines. Welcome and have a great time!