Sources: Sun Star, Asian Journal, and Philippines public holidays. Earlier today, President Gloria Macapagal-Arroyo (PGMA) signed Republic Act 9492, "An Act Rationalizing the Celebration of National Holidays", into law.
Executive Secretary, Eduardo Ermita, said that R.A. No. 9492, which amends Section 26, Chapter 7, Book I of Executive Order No. 292, also known as the Administrative Code, will take effect 15 days following its publication in at least two newspapers.
This law now make the so-called Holiday Economics, or the practice of shifting holiday observances, into official government policy, and mandates that most holidays, except those with religious significance, will be shifted to the nearest Monday.
Public 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 Fitr and All Saints Day (November 1).
The law also specifies that, for movable holidays - like Maundy Thursday, Good Friday, and Eid'l Fitr or end of Ramadan - the President shall issue a proclamation at least six months prior to the concerned holiday.