Aside from Dream Pro, Happy Mobile also came out recently with a smaller phone which can be considered in their growing Dream smartphone line-up.
Happy Mobile Dream S almost has the same design langauge as to the Dream Pro but with 5 inch IPS qHD display, 1.4 GHz quad-core, 5 MP rear camera, 2 MP front camera, 1 GB RAM and 4 GB ROM.
Unfortunately, they still don't have info on some of the missing specs on their FB page but expect an update on this blog post once I got the official words from them. It will be selling soon (or now available) for Php 4,299