Kuala Lumpur, Malaysia:The Philippine Open, which was originally to be the Asian Tour's season opening event, will be held at the Wack wack Golf Club from February 1-4. The National Golf Association of the Philippines on December 30 announced the event would be "delayed," without elaborating on the reason for the postponement. "The concerted efforts put in over the past week by the NGAP president Leandro Mendoza, the First Gentleman Jose Miguel Arroyo and his foundation, Wack Wack's chairman Benjamin S. Abalos Snr., (sponsor) ICTSI's Enrique Razon and Asian Tour's director of tour development Patrick Young have been instrumental in the quick return of the event," the Asian Tour said in a statement on Thursday. It said prize money for the Philippine Open has been increase to $300,000 from last year's total purse of $200,000 when Australian Scott Strange emerged the winner. The Philippine Open, Asia's oldest event dating from 1913, will now be the third leg of the 2007 Asian Tour season which is offering a minimum 29 tournaments and an all-time high of US$26 million in total prize money. "We are fully confident and committed to ensure that the 2007 staging of the Philippine Open will be a highly successful affair and Asia's best players will shoot for glory in one of the region's most prestigious national Opens," Asian Tour executive chairman Kyi Hla Han was quoted as saying. The new Asian Tour season will kick off at Karachi next week with the staging of the Pakistan Open at Karachi Golf Club from January 18-21.