For some serious literary list, I will recommend my favorites:
Feast and Famine: Stories of Negros by Rosario Cruz Lucero. This is a collection of five short stories, all of them taking place in Negros island. Her language is contemporary and flowing so even though her stories are a mix of realism and magic realism, it is easy to read and it appears seamless.
the Likhaan literary journals by UP's Institue of Creative Writing. You'll read some of the best short stories, poems, critiques, and essays done by Filipino writers in English and Filipino.
The Best Philippine Short Stories of the 20th Century, Edited by Isagani Cruz. Another outstanding collection of Filipino short stories in English. Stories run the whole gamut, from those written in the 1920s up to early 2000 including works by nearly all the best writers in the country from Paz Marquez Benitez to Jessica Zafra to Charlson Ong.
To The Young Writer and Other Essays by F. Sionil Jose. Perfect for those who are seeking inspiration about writing, language, nationalism, and Philippine literature.
Utos ng Hari at Iba Pang Kuwento by Jun Cruz Reyes. The title story "Utos ng Hari" is a personal favorite of mine. His stories are a mirror of our lives then and now told in the language of the "ordinary" Pinoy.