Airline in the Philippines are under pressure to raise ticket prices to offset rising fuel costs and the peso’s plunge to an almost 12-year low, risking lower demand from travelers also hurt by the currency’s decline. High global oil prices are expected to further weaken the peso, which already touched nearly 12-year lows last week, London-based Capital Economics said. Philippines is not the only Southeast Asian country suffering from a currency rout. Indonesia’s central bank plans a policy meeting on Wednesday to allow a faster response to a weakening rupiah. A number of economists are betting on an interest rate hike at the meeting.