Originally Posted by
FK
Holiday economics can be favorable if they just plan for the whole year. Kung naa holiday in the middle of the week, mahibaw-an na daan nga adto siya sa monday, the business can also plan their production schedule and also the workers can plan their leaves. Win-win situation.
there is already a plan (holiday economics) for the whole year of 2008 and the years ahead.
here's the link:
http://en.wikipedia.org/wiki/Public_...he_Philippines
Under the new Republic Act 9492 (Holiday Economics Law):
(1)
Exempted from holiday economics -- that is, holidays that will be observed on the date on which they fall -- are Labor Day (May 1) 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).
(2) The
“moveable days” are Bataan Day (April 9), Independence Day (June 12), National Heroes Day (August 31), Bonifacio Day (November 30) and Rizal Day (December 30).
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.
---inquirer 07/25/2007
as for Labor Day (May 1), it is not covered by ‘holiday economics’ under Proclamation No. 1463. Karon pa ni nausab from moveable to exempted. thus the confusion over it.
The Labor Day commemoration remains unmoved since it is seen as a "long cherished tradition of workers, a holiday which trade unions fought very hard to institutionalize in the country and an international event that workers want to celebrate on its exact date."
see full story:
http://www.gmanews.tv/story/89276/Ma...iday-economics