The forums helped me a lot in getting information about my very old Toyota Corolla 89. Let me return the favor by giving you info on the cost of having my engine overhauled. My car was due for an engine overhaul a long-time ago. Last week the engine knocked, so I had it towed to a nearby auto shop. After 7 days of waiting, my car was resurrected. No more smokey exhaust, no more loud engine noise. The engine sounds and performs like new. Here is the cost of everything done to my 2E engine. I hope it helps you guys.

parts and labor:
labor - Php 5,000
overhaul gasket kit - Php1,300
spark plug 4 pcs - 260
cylinder liner 4 pcs - 2,300
valves 12 pcs - 2,200
oil filter - 150
pistons - 2,800
sealant - 85
oil - 780
hi-tension wires - 850
timing belt - 900
bypass pipe - 650
radiator overhaul - 350
assorted engine belts - 300

machine shop:
line bore fitting - php 1,500
polishing - 800
con-rod refurbish - 950
oil-seal build up - 900
sleeve liner with rebore - 2800
regrinf con-rod - 1800
piston ring insert - 3200
valve guide - 800
resurface cylinder head - 1000
cam shaft fitting - 450
resurface block and oil pump - 1900
washing - 300

Total: Php 35,000 more or less