Problem is... good luck in getting Hyundai to sell it to you... I keep hearing it's for sale, but I've seen more Porsches on the road than Elantras...
My shortlist:
Ford Focus TDCi
Since Ford is currently having a 50,000 peso off promo, the Focus meets your criteria. It's one of the best performance bargains since the Honda SiR, and it's fuel efficient to boot. It's got a six speed manual (amongst non-luxury cars, only the Carens, CRV and Focus have this), terrific speed and good fuel economy (20+ on the highway, 13-16 in the city). It rides very comfortably and handles great. Plus it has good cargo space, since it's a hatchback. This is probably the ultimate long-distance driver (if you're the one driving)... look for mountains to drive on... it's fun in the mountains.
Honda Civic 1.8S
It may not feel as sporty as Civics of old, but it's much sportier than the outgoing Civic ES. The R18 is one of the best gasoline engines on the market today, and it's a good combination of power and fuel efficiency. The sweet gearshift/clutch combo and the light steering make this a great highway/traffic car.
Toyota Innova
I'm not a fan of the Innova, but I can't deny the inherent usefulness and refinement of the Innova. The diesel Innova is a generation ahead of your common AUV, while still maintaining the AUV's ladder-frame ruggedness and space. If you really need a big vehicle, the base-model diesel is a bargain.
Kia Carens CRDi
Lots of power, lots of space, a great alternative to the common car. The six speed is sweet, but I think the AT version (despite the lag) is a better choice (but the AT CRDi is just outside the budget). It's more comfortable than an Innova or a Crosswind, and it drives just like a car. Small compared to AUVs, but it's good for family use inside the city.
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Other possibilities include the:
Mazda 2.0R (but it's just outside budget) - probably the sharpest sedan available near 1m.
Hyundai Starex (way outside budget) - King of vans...
Honda Jazz 1.5 (low end of budget) -
The fun car...