Bonjour. Mabuhay.
Found some answers to the most commonly asked questions regarding the new ePassport.
What is an ePassport?
An ePassport is a passport which features microchip technology. An  integrated circuit (chip) within its pages contains the data that are  essential in verifying the identity of the passport holder. These data  include the personal data found on the data page of the passport, the  biometrics of the passport holder, the unique chip identification  number, and a digital signature to verify the authenticity of the data  stored on the chip. The chip technology allows the information stored in  an ePassport to be read by special chip readers at a close distance.
What are Biometrics?
Biometrics are the unique and measurable physical characteristics of  an individual that include face recognition, fingerprints, and iris  scans.
The Philippine Electronic Passport (or Philippine ePassport) uses the  digital image of the passport photograph that can be used with face  recognition technology to verify the identity of the passport holder. It  captures the fingerprints of the passport holder, for identification  using the Automated Fingerprint Verification System (AFIS).
What are the special features of the Philippine ePassport?
The Philippine ePassport allows information stored on the chip to be  verified with the information visually displayed on the passport.
It uses contactless microchip technology that allows the information  stored on the chip to be read by special chip readers at a close  distance.
It contains an integrated photograph of the holder, a digitized  secondary photo, and an electronic print of the holder’s signature.
It contains overt and hidden security features such as Invisible  Personal Information (IPI), letterscreen, microprinting, and UV reactive  ink, among others.
What is the difference between the existing maroon machine readable passport (MRP) and the ePassport?
An MRP is a passport that contains a machine-readable zone (MRZ)  printed in accordance with International Civil Aviation Organization  (ICAO) standard. It is capable of being read manually and with the use  of a machine.
An ePassport has an embedded IC chip where the photograph and  personal information of the bearer are stored in accordance with ICAO  specifications. These information can be read by chip readers at close  distance. An ePassport also contains a machine-readable zone.
What advantages does the Philippine ePassport offer?
The ePassport is highly secure, hence avoids passport reproduction  and tampering. The ePassport database is enhanced with AFIS that guards  against multiple passport issuances to the same person and enhances  imposter detection.
It facilitates fast clearance of travellers at immigration checks.
ePassports provide travellers benefits such as use of automated  border clearance or “E-gates”, automated issuance of boarding passes,  and faster travel arrangements with airlines.
For countries, the use of electronic passport also provides better border protection and security.
Why do we have to use ePassports now?
The MRP has the minimum ICAO standards in travel documents. The  ePassport is the world standard in travel documents. As member of ICAO,  the Philippines has an international obligation to enhance the security  of its travel documents.
The issuance of ePassports will allow the Philippines to offer world-class consular services to its nationals.
Countries have greater confidence and acceptance of the ePassport since it is enhanced with biometric technology.
ePassports are already being used in more than 60 countries  worldwide. In ASEAN, five countries have already issued e-passports  (Singapore, Brunei, Malaysia, Thailand and Cambodia).
Who can avail of the Philippine E-Passport?
The ePassport will initially be made available in limited number.  Regular issuance will start sometime in October 2009 from whence all  applicants who can comply with the documentary requirements may avail of  the ePassport.
How much does an ePassport cost?
The ePassport is available for P950. A passport applicant, however,  may choose between the ePassport and the less expensive Machine Readable  Passport, both compliant with ICAO standard.
Why is the ePassport more expensive than the current passport?
The added security features of the ePassport are factored into the  production cost. Comparative prices of ePassports from different  countries, however, show that the cost of the Philippine ePassport is  among the lowest in the world.
What other countries use ePassports?
ePassports are already being used in more than 60 countries  worldwide. In ASEAN, five countries have already issued ePassports  (Singapore, Brunei, Malaysia, Thailand and Cambodia). In the future, all  countries are seen to switch to the ePassport due to the increasing  need for efficient and better border security.
What is the ePassport logo and what does it mean?
The ePassport logo which appears on the cover of the ePassport is the  international symbol for an electronic passport. It means that the  passport has an integrated circuit or chip on which data about the  passport and passport holder is stored. The logo will alert border  inspection lanes at all airports and transit ports equipped with special  data readers for ePassports that the passport is an ePassport.
I have a previously issued passport. Can I use it for travel as long as it is still valid?
Yes. Previously issued passports (MRP and non-MRP) are valid until  their expiry. It is a good practice to make sure your passport is valid  at least six months before intended date of travel to avoid any  inconvenience.
Will there be additional requirements needed for the processing of ePassports?
None. Essentially, the requirements for ePassport processing will  remain the same as that for the MRP, although personal appearance is  required for the taking of biometrics (i.e., fingerprints, photo, and  signature).
Can existing holders of the maroon MRP simply surrender their passports and have them converted to an ePassport?
As soon as the production of the ePassport comes into full swing,  holders of MRPs can have their passport cancelled and apply for  ePassport if they so wish.
Where can I apply for an ePassport?
The ePassport will be initially available at DFA Manila, to be  followed by Philippine Embassies and consulates abroad and throughout  the Philippines through DFA’s regional offices.
Source: 
http://www.citizenservices.com.ph/blog/view/id/196
Originally posted at: 
http://www.dfa.gov.ph/main/index.php/advisory/travel-advisory/travel-advisory/516-frequently-asked-questions-on-the-philippine-epassport