Philippine Interest Rate Futures would not be traded somewhere in the world outside that country in any offcil exchange or banking circles.
For study on the effect of the US economy on the Philippines economy, the best source is tyhe Asian Development Bank (Manila) research papers and their regular economic outlook publications. You may like to visit ADB site.
Philippine economy is not ging to be affected by growth or turbulence in the USA in any major widespread way, for the dependence of the former on the latter in terms international trade or foreign investment flows are not very high. About 20 % iof the country's exports and alo of imports are to and from the US. With the slowdown in US, exports may be affected but exports to US are even otherwise would become costlier for the US to import because of the depreciation of the US dollar. For the same reason, imports from the US would be cheaper and there would not be much problem of importing from the US. However, the majority of the top ten BPO firms of the United States operate in the Philippines. Total jobs in the industry grew to 100,000 and total revenues are placed at $960 million for 2005. Thus aturmiol or slower growth in the US may affect this sector in Philippines.
In general however, an uS slowdown will have an adverse economic impact on the whole world. But the Philippines economy has been growing at a very high rate and therefore would be able to withstand the shock. The mining sector, agriculture and the remittances from the non-residents together with the general high grwoth in the Asian countries will keep the Phillipines economy in decent health.