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Philippine Peso Weakens Despite Rate Hike Outlook as Energy Costs Weigh

The Philippine peso is expected to decline further against the dollar. Analysts cite the nation's elevated exposure to energy price volatility as a headwind that outweighs potential interest rate increases. Regional monetary authorities are stepping up efforts to attract capital inflows. Indonesia's central bank bills outstanding climbed at the fastest pace in nearly two years. Jollibee Foods Corp., the nation's largest quick-service restaurant operator, reported first-quarter profit declines of 39% amid surging input costs. The company is reassessing financial targets and capital allocation plans, with share prices falling to five-year lows.