What does the Philippines really bring to the table?

As Duterte plays the US against China, and even Russia in a Cold War-style diplomatic gambit not unlike what Yugoslavia, Egypt did with the West and the USSR, it is important to ask:

What does the Philippines REALLY brings to the table?

A failure to assess our relative value to either side could very well result in overplaying our hand. Discuss this on the forum here: http://defenseph.net/drp/index.php?topic=527.0.

aseanmap