The vulcan point of the Taal volcan.
We can say that this place is in the island of Philippines, where is the Taal lake, where is the Taal vulcan (island), where is the crater (lake), where is this vulcan point (island).
Wikipedia article:
http://en.wikipedia.org/wiki/Vulcan_Point#Crater_Lake_.26_Vulcan_PointCategory:
island volcano language largest point lake 
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