These are fried (thinly) sliced bananas coated with caramelized sugar garnished with sesame seeds and held together by a paper cone. Pinasugbo is a common pasalubong item among the sugar producing places in the Visayas and Iloilo being one of them has a number of bakeries having their own version.
Some have big cones of light colored pinasugbo while others have these dark coating. But their common denominator is the that paper cone that almost permanently sticks to the sugar coated banana.
It was a almost an unsovled problem until one time I placed one in the microwave oven (since it was too hard after being days in the fridge) and it solved both my concerns at once.