Philippines NOT a retirement heaven?

I came across an article on Forbes which lists 10 retirement heaven.

I was not entirely surprised that Philippines didn't make the list, but I was somewhat surprised that Malaysia and Thailand made the list.

Here's what Forbes has to say about it:
Thailand

Warmly welcoming of retirees and ideal for seniors on modest budgets, Thailand has everything from bungalows on Phuket's blue lagoons to urban living in bustling Bangkok. Considered Asia's best buy for quality health care at reasonable costs. But the good private hospitals are in Bangkok, so make sure your retreat on the water is within three hours of the capital.

Downside: unpredictable politics.

Malaysia

Exotic mix of Chinese and Islamic culture, welcoming to retirees, low costs and spectacular coastline make Malaysia a strong contender for the budget-conscious seeking a retreat, but also increasingly for the wealthy wanting an Asian tax haven. Kuala Lumpur is not the easiest place to live in, but, for health care reasons, avoid straying too far into the beautifully remote islands.

Downside: racial tensions and emerging-nation infrastructure.

Ok. Now read about Thailand. If I changed Phuket to Boracay and Bangkok to Manila, that description would just fit Philippines perfectly, right?

Then read about Malaysia, if I just changed Exotic mix of Chinese and Islamic culture to, let's say, Exotic mix of Chinese, Catholic and Islamic culture, the rest would be a good fit for Philippines, except, we are not quite a tax heaven...

So what went wrong with the Philippines?

Your thoughts?
The original Forbes article is here:
The 10 Best Retirement Havens - Forbes.com