Latest quarterly report from Akamai, an Internet content delivery network, shows that average internet speed in the Philippines has climbed up to 1,428Kbps or 1.4Mbps with an average peak of 13,880Kbps (13.8Mbps).
Here are the other internet speed results in the same quarter (Q1 2013):
(Average Connection Speed / Average Peak Connection Speed)
Hong Kong: 10.9Mbps / 44.8Mbps
Singapore: 6.9Mbps / 41.1Mbps
Thailand: 4.8Mbps / 30.1Mbps
Malaysia: 2.7Mbps / 23.6Mbps
China: 1.8Mbps / 8.3Mbps
Indonesia: 1.5Mbps / 12.7Mbps
Philippines: 1.4Mbps / 13.8Mbps
Vietnam: 1.4Mbps / 11.4Mbps
India: 1.2Mbps / 9.3Mbps
The numbers for the Philippines are very close to Indonesia and China. The Philippines even ranked higher when it comes to Average Peak Connection Speed.