What laptop would be best for a college student, considering the price band smaller amount than 40,000 pesos?

Answer:

Acer Aspire 3680. I get one for PHP 29,900, but wihtout windows. If you want you can buy licensed window xp home edition for PHP 5,000.
If my conversion is correct, that should be around $3,600 US dollars. You can get one much cheaper if you are planning on using it freshly for college. Dell has specials that will run you around $1200 to $1500 that will do everything you requirement for school.
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tnx

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