The Amazing Race Philippines 2

 is the second installment of the reality television show, The Amazing Race Philippines. The race was originally planned to be set in the different parts of Asia (with the original season title The Amazing Race Philippines: The Amazing Race Philippines: Biyaheng Asya, translated as The Amazing Race Philippines: Asian Trip), but was later dropped. Filipino-British actor and model Derek Ramsay will return to host. It premiered on October 6, 2014 on TV5. The show airs at weekdays at 7 PM local time, and also is aired on weekends.

Results
The following teams participated in the Race. Placements are listed in finishing order:

Leg 1 - Episodes 1– (Metro Manila)

 * Starting Line: Baluarte de San Diego, Manila, Metro Manila
 * SM Aura Premier, Taguig
 * One team member must rappel face-first down 29 stories off the SM Aura Tower to receive their next clue.
 * Imperial Ice Bar, Taguig
 * Teams had to unscramble ice blocks containing letters to spell out the location of the next destination ("Philippine Stock Exchange").