The postcard shows the Administration Building of the Central Philippine University in Jaro, Iloilo City. I could not find any information regarding the building itself.
The Central Philippine University was founded in 1905 as the Jaro Industrial School by Dr. William Orison Valentine, a missionary of the American Baptist Foreign Mission Society. In 1923 the name of the school was changed to Central Philippine College and in April 1, 1953, Central Philippine College gained university status and became Central Philippine University. The University sits on 240,000 sq. m. (24-hectare campus).
Central Philippine University Wikipedia Entry