BUDGET STUFF (not too "budget" hehe) that should sound OK for a practice studio:
Guitar Amp:
Peavey Studio Pro 65w Combo (with 12" speaker)
P13,000 (make that two pcs = P26,000)
Bass Amp:
Beringher Ultra-Bass 350w Head
~P15,000(?)
Bass Cab:
DIY 4x10 with reputable raon speakers
~P5,000 (beringher 4x10 = P22,000)
Drum Set:
Premier Drum Set
~P25,000
Cables (should be good quality):
~P5,000
Mic's:
Shure C606 (they're good quality)
P3,200 (~800 each, 4pcs)
PA:
DIY 2 1x12 cabs with raon drivers
~P5,000
8-channel mixer
~P7,000
raon high power power amp:
P6,000?
wala pa keyboard. arghh roughly around P95k na