January 31, 2014- Holiday in Philippines for Chinese New Year.

There would be at least four long weekends to look forward to with the declaration ofChinese New Year, which falls on January 31, a Friday, as a Special Non-Working Day.

President Benigno "Noynoy" Aquino has issued Proclamation 655 enumerating the holidays for the year 2014.

Small Chinese communities existed in the Philippines since the Spanish regime, which lasted for more than 300 years dating back from the 16th century. As time progressed, the Chinese communities grew due to intermarriage among Filipino natives and other races, including the Chinese. As the population grew, so did the grandeur of the Chinese New Year celebration.

Lawmakers have proposed to make the Chinese New Year a legal public holiday. However, there is still debate that adding another holiday in the Philippines could be detrimental to the economy due to the increasing holiday incentives. The Republic Act 9492 dictates that for every legal non-working holiday, all working establishments should give incentives or overtime pay to their employees.
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