R.A. 9492 - holiday economics, movable holidays
Posted in: Corporate and Investments, Litigation and Labor Law, Obiter/News
Maybe you’ve heard of the new law (Republic Act No. 9492) that seeks to “rationalize” the celebration of national holidays in the Philippines. The new law makes majority of the holidays “movable” to Mondays. In the event the holiday falls on a Wednesday, the holiday will be observed on the Monday of the week. If the holiday falls on a Sunday, the holiday will be observed on the Monday that follows. Still, for movable holidays, the President shall issue a proclamation, at least six months prior to the holiday concerned, the specific date that shall be declared as a nonworking day.
The following are the dates of regular holidays (update: here’s the list of public holidays and declared special non-working holidays for October, November and December 2007):
New year’s Day (January 1)
Maundy Thursday (Movable date)
Good Friday (Movable date)
Eidul Fitr (Movable date)
Araw ng Kagitingan (Monday nearest April 9
(Bataaan and Corregidor Day)
Labor Day (Monday nearest May 1)
Independence Day (Monday nearest June 12)
National Heroes Day (Last Monday of August)
Bonifacio Day (Monday nearest November 30)
Christmas Day (December 25)
Rizal Day (Monday nearest December 30)
On the other hand, the following are nationwide special holidays:
Ninoy Aquino Day (Monday nearest August 21)
All Saints Day (November 1)
Last Day of the Year (December 31)
As expected, some welcome this new law, while others criticize it. What do you think?
You may also want to read these related posts:
Criminal Cases and Insolvency by Atty. Fred on June 25th, 2007
Basics of the Lending Company Regulation Act of 2007 (RA 9474) by Atty. Fred on December 10th, 2007
Forced Early Retirement by Atty. Fred on July 25th, 2006
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