The 4 Asian Tigers are Hong Kong, Singapore South Korea, and Taiwan. They experience rapid industrialization with and average GDP growth of more than 7% for more than 30 years.
The Philippines GDP growth has been about 1.2% over the past 20 years, but it has been strong over the past 2 years.
The only way for the Philippines to continue with strong growth and rapid industrialization is to position themselves as a low wage alternative to China.
I wouldn't be surprised if much of the $1 billion infrastructure aid will go toward improving the infrastructure around Korean manufacturing plants. It is not cheap to upgrade roads, power plants, and ports.
Nevertheless, I don't see the Philippines becoming the 5th tiger economy.
Not unless my #1 is negated.