I saw this plant in Banaue Ethnic Village growing under the pine trees. I did not have the time to ask if it was taken from the lowlands or just from the wild. However, i have the feeling that it was from other places and not native to the area. By the way, Banaue is maybe around 1200 MASL in elevation. So, it has mild temperatures resembling a sub-tropical environment.
I had difficulty in my google search as my only lead is the thought that it could be from the ginger family. It has similarity with the many torch ginger flowers i already saw in actual plant or in the web. Finally, i saw a reputable source of identification, which says it is called flowering ginger, hidden cone ginger or Curcuma elata. With the so many genus of ginger in the Zingiberaceae family, it is difficult if you don't know the lead genus. Now with the Curcuma it is easier to locate. However, it looks like it is still uncommon, as Wikipedia listed it but no full article entry yet. Another more scientifically oriented site which analyzes active ingredients from Curcuma also has not performed analysis on it yet.
Of course, ginger plants have long been known to have lots of medicinal uses aside from being used for food and condiment. Curcuma includes the Curcuma longa or turmeric where curry powder comes from. The world's largest producer and most important trading center of turmeric in Asia is Erode, a city in the south Indian state of Tamil Nadu. For these reasons, Erode in history is also known as "Yellow City" or "Turmeric City (http://en.wikipedia.org/wiki/Turmeric). On the other hand the ordinary ginger or Zingiber officinale Roscoe has been used as a spice since the olden days. It looks like this Curcuma petiolata until now remains to be used for its aesthetic function.
And it is beautiful, don't you think so?
Fertilizer Friday here http://www.tootsietime.com
Today's Flowers here http://flowersfromtoday.blogspot.com/
Thank you very much to Sean B. who in the comment section corrected the ID to be C. elata, instead of C. petiolata as i previously labeled. I cannot go to his website as he did not leave his link. I now already checked even the labels.