Much less touristy than Tamaraw Falls, Talipanan Falls are a short walk from the village of Talipanan. Hire a Mangyan guide (P200) in the Iraya-Mangyan village just off the main road in Talipanan. From here a track behind the school winds for about 30 minutes uphill and through forest to the swimmable, two-tiered falls. Early in the morning you stand a good chance of seeing monkeys.
For a more ambitious hike, the same Mangyan guides can take you up Mt Talipanan (1130m) for P700. It takes about four hours to get up and a few hours to get down, so start early. Nearby Mt Malasimbo (1215m) is another possible full-day hike.