Panglao/Alona Beach is lovely, much nicer than Boracay, I was it's what Boracay should be like if it wasn't full of disco's, posh hotels, hookers and touts. It is a bit pricey though, on par with Boracay, but i imagine that is down to the diving schools attracting large numbers of Koreans with big wallets.
Palawan is lovely too and much cleaner and greener than the rest of the Phil's, although perhaps a bit isolated. Prices in Palawan/PPS City are reasonable too, and roughly half the price of Panglao/Boracay for a hotel, meal, drinks...etc.