>>4 While it's difficult to decide whether or not they are blinking, we are forced to settle with what we see and what the guy with the oh-so-familiar (to me) accent is describing.
Also, he sees the streetlights when he turns his camera to the right. In the picture below, the streetlights aren't shown because they are to the right.
Also, the guy called it a "highway", meaning that it's probably a fairly popular road (which is further supported by the more than several cars that pass in a time elapse of less than 50 seconds). From this, we can assume the nearby city of Manila has taken the money to install streetlights on one side of the road.
This isn't to say you're wrong/right; The video, as you said, is oh-so-amazing, and it could have very well have been faked. However, with the evidence CURRENTLY presented, we have no other choice but to accept them as they are.