Holiday economics now a law
|
|
|
|Inquirer
|
|Last updated 11:26pm (Mla time) 07/25/2007
|
|
|
|MANILA, Philippines -- Holiday economics, or the practice of shifting
|
|holiday observances, is now official government policy after President
|
|Gloria Macapagal-Arroyo signed Republic Act 9492 into law.
|
|
|
|
|
|The law, "an act rationalizing the celebration of holidays," mandates
that |
|most holidays, except those with religious significance, will be
shifted to |
|the nearest Monday, said Executive Secretary Eduardo Ermita who
announced |
|the new law Wednesday.
|
|
|
|
|
|Thus, next month, Ninoy Aquino Day, which celebrates the martyred
|
|anti-Marcos opposition leader, normally celebrated on August 21, a
Tuesday, |
|will shift to the preceding Monday, August 20.
|
|
|
|
|
|National Heroes' Day, celebrated on August 31, will be observed every
last |
|Monday of August, which this year falls on August 27.
|
|
|
|
|
|"Therefore, we have two long weekends for the month of August," said
Ermita.|
|
|
|
|
|The "moveable days" are Bataan Day (April 9), Labor Day (1 May),
|
|Independence Day (June 12), National Heroes Day (August 31), Bonifacio
Day |
|(November 30) and Rizal Day (December 30).
|
|
|
|
|
|Thus, if Independence Day, June 12, falls on a weekend, it will be
|
|celebrated on the following Monday. The same principle applies if June
12 |
|falls on any day except Monday.
|
|
|
|
|
|Exempted from holiday economics -- that is, holidays that will be
observed |
|on the date on which they fall -- are Christmas Day (December 25), New
|
|Year's Eve (December 31), New Year's Day (January 1), Holy Thursday,
Good |
|Friday, Easter Sunday, Eid'l Fitre (October 13) and All Saints Day
(November|
|1).
|
|
|
|
|
|"Good Friday, you cannot move it to Saturday. Christmas Day, December
25, |
|how can you change the birthday of Jesus Christ? Christmas is
Christmas," |
|said Ermita.
|
|
|
|
|
|The President, who coined the term holiday economics, introduced the
policy |
|in 2001 to reduce disruption to business and production schedules,
encourage|
|domestic tourism and give employees long weekends.
|
|
|
|
|
|Critics questioned the soundness of the policy, saying it would result
in |
|lower output and affect economic productivity. Others deplored it as
|
|presidential tinkering with history via executive fiat.
|
|
|
|
|
|But National Statistical Coordination Board figures showed that if
tourism |
|businesses and related industries increased by 10 percent as a result
of the|
|long weekends, the economy would actually experience a 3.5-percent
growth in|
|gross domestic product.
|
|
|
|
|
|Under the country's labor laws, employers must pay 200 percent of the
daily |
|rate to those employees who report for work on legal holidays --
January 1, |
|April 9, May 1, Maundy Thursday, Good Friday, June 12, National Heroes
Day, |
|Eid'l Fitre, November 30, Christmas Day and December 30.
|
|
|
|
|
|On special holidays, employers must pay 30 percent over the regular
rate. |
|These are Ninoy Aquino Day, November 1, election day, November 30,
Black |
|Saturday and holidays that may be declared from time to time by the
|
|President.