December 15, 2012. The Amazing Race Philippines is a reality game show based on the American series The Amazing Race. It features eleven teams of two with pre-existing relationships, who will vie for the prize of ₱2 million in a race around the Philippines. It premiered on October 29, 2012 and airs every Mondays to Fridays at 9:00 PM (PST) and Saturdays at 8:30 PM (PST) on TV5 and is hosted by Derek Ramsay. The show is produced by the Australian production company, ActiveTV, which has also produced The Amazing Race Asia, The Amazing Race Australia, an Israeli version called HaMerotz LaMillion, and the Ukrainian version called Neymovirni perehony. It is the fifth Asia-Pacific version after The Amazing Race Asia, The Amazing Race Australia, The Amazing Race: China Rush, and The Amazing Race Vietnam.