From David Kehr's blog:

http://davekehr.com/?p=73

I've seen it happen in Manila; what was once a thriving industry
churning out over a hundred and fifty films a year (some years
outproducing Hong Kong) has gone down to around fifty a year. People
crowd to watch the latest braindead Hollywood odure featuring the
latest in CGI effects and ignore some of the quite excellent films by
Tikoy Aguiluz, Celso Ad. Castillo, Mike de Leon, Lav Diaz, Jeffrey
Jeturian, Mario O'Hara, Aureaus Solito, and the like. It's time we
(Korea, the Philippines, and any other country that actually cares
about its native cinema) took our destinies in our own hands and
stopped this cultural imperialism on its tracks.