Sky Eye, which is currently the tallest Ferris wheel in the Philippines (as of this post date) at 63 m (207 ft) with 32 gondolas, beats the MOA Eye (SM Mall of Asia) at 55 m (180 ft), but with 36 gondolas, and the Enchanted Kingdom’s Wheel of Fate (Enchanted Kingdom, Sta. Rosa, Laguna) at 130 ft.
However, the Sky Eye is still far from beating taller Ferris wheels, such as the London Eye, Star of Nanchang, and Singapore Flyer. Sky Fun, the Taal Vista Hotel (which is beside Sky Fun) and the MOA Eye, are all owned by SM.
Description Courtesy of Wikipedia (http://en.m.wikipedia.org/wiki/Sky_Fun)
Photo ni Ompong 
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