There is. Objectivity is preferred, so I will let non-Filipinos make the assesment. 

David A. Roach, writing for the Comic Book Artist Magazine, (Issue #4, Vol. 2, 2004) describes this style as follows:

"What the Filipinos shared was a good, solid and usually (Niño excepted) conventional approach to storytelling, exceptional draftmanship, and exuberant florid brushwork which harked back to the golden years of magazine illustration in the first few decades of the 20th Century." 

For more reading, please read the article below:

http://alanguilan.com/sanpablo/2006/08/filipino-comics-artist-and-manga.html