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Francisco Motors Corp. (FMC), long associated with the iconic jeepney, is positioning itself for a return to relevance through electrification, advancing a USD355-million phased development of the FMC Elektron compact SUV as part of a broader global strategy.

The University of the Philippines will launch its inaugural Inoblasyon Innovation Summit on May 5 at the SMX Convention Center Aura, convening leaders from industry, government, and academia in a bid to accelerate collaboration across the country’s innovation ecosystem.

The Philippines’ manufacturing sector slipped into contraction in April, its first downturn since November, as weakening demand and rising costs weighed on output, according to S&P Global Market Intelligence.

ACEN Corp., the renewable energy arm of the Ayala Group, has extended a short-term loan of up to P850 million to its wholly owned subsidiary, Palauig Solar 1 Inc., to support the rollout of a battery energy storage project in Zambales.