The Philippine Stock Exchange index (PSEi) slid 1.3 percent to 6,384.58, extending profit-taking for a second session after touching seven- to nine-month highs. Even so, the benchmark remains comfortably above the 6,000 mark, keeping the broader uptrend intact and suggesting the pullback is more consolidation than reversal.

Fuel prices are set to rise again this week, marking what could be the sixth straight increase this year, according to Jetti Petroleum Inc..

The Department of Agriculture (DA) has lifted its temporary ban on poultry imports from the US states of Illinois and Wisconsin, allowing chicken products from these areas to enter the Philippines again. However, imports from Kansas remain suspended due to ongoing bird flu outbreaks.