Yes, i would imagine the "luks" were simply cut rather than forged. As you can see the flat section in the center of the blade does not curve with the luks. And as José has pointed out, the luks don't alternate ad the would if they were forged. Whether this was done later or at the time the blade was made i do not know.
Not sure what would call this. It isn't a kris/kalis, but it seems too long to be called a gunong/punal. But i agree with Rick that it has a certain charm and i don't think this was a tourist piece either. I would do what Rick suggests. Find some grayish MOP to cut to replace the missing triangle and reset the hilt properly with some gentle overall cleanup. You could also clean up the blade while it is off the hilt and maybe try an etch, though i don't know if this blade will show any lamination. If i had seen this at a show for the right price i would have grabbed it as well.
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