I just saw this on my Google Adsense account today.
Selecting the Western Union setup sent me to this page (Click for a larger image!):
Yes! This confirms that Western Union is now available for Adsense publishers in the Philippines for a maximum payout of $10,000. Hmmm, I think, this is a better option.
Learn more about this new Payment Option on the Google Adsense help here.
Hmm, no more waiting for DHL guys. No more waiting for checks to clear!
Update (October 4, 2007): The official Adsense blog confirms that payment via Western Union Quick Cash is free of charge.