While Gangjee went flat on the final stretch, Chawrasia unraveled with two double bogeys. However, Gangjee hung in for a tied-fifth place and Chawrasia plummeted to tied-14th.
Among other Indians, Jyoti Randhawa was on fire in the final round with a 65 that saw him finish tied-25th at seven-under for the week.
S Chikkarangappa (69) was six-under 282 and tied-32nd, Shiv Kapur (68) and Shubhankar Sharma (72) were tied-53rd at two-under 286 and Chiragh Kumar (70) was two-over 290 and 64th.
He carded 67 to overcome a four-shot deficit and total 15-under 273 at the Manila Southwoods Golf and Country Club.
"I enjoyed the first few holes, birdie, birdie, birdie start. In the final round, everybody is looking for those starts to try and catch up with the leaders and get a peak. Played well on the front nine but made a bogey on 12 but bounced back with a good birdie on 13. After that it was a flat line," Gangjee said.
Chawrasia, who is fourth on the Asian Tour Order of Merit, was understandably disappointed.
"I had a chance (of even winning) but I did not capitalise on it. Still my game is coming back and there are some more events left," he said.
Gangjee, American Chan Kim, Thailand's Prom Meesawat and
Carlos Pigem of Spain shared fifth place.
The talented Thai needed only four events as a professional to emulate close friend and fellow rookie, Danthai Boonma who won in Singapore last week.
Overnight leader Hung endured a horrific start, dropping four shots in six holes before fighting back with a magical ace on 13 with a finely struck two iron tee shot that won him a VIP aircraft service package worth USD 250,000.
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