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The Labor Code of the Philippines specifies two types of holidays: the "regular holiday" and the "special non-working day". [8] There is a difference in the pay that employers are required to pay between the two type of holidays. There is also a difference in what is closed and in how the days are declared.
A thirteenth salary, or end-of-year bonus, is an extra payment sometimes given to employees at the end of December. Although the amount of the payment depends on several factors, it usually matches an employee's monthly salary and can be paid in one or more installments (depending on the country). The thirteenth salary is most prominent in ...
The national debt of the Philippines is the total debt, or unpaid borrowed funds, carried by the national government of the Philippines. As of end-June 2023, the total national debt of the Philippines amounts to ₱14.62 trillion ($264.49 billion). [1] Total outstanding debt: ₱14.62 trillion ($264.49 billion) (58.3% of GDP) (December 2023) [2]
Philippine Republic Day ( Tagalog: Araw ng Republikang Pilipino ), also known as Philippine–American Friendship Day, [1] is a commemoration in the Philippines held annually on July 4. It was formerly an official holiday designated as Independence Day, celebrating the signing of the Treaty of Manila, which granted Philippine independence from ...
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Not to be confused with Tax Day. Tax Freedom Day is a concept developed and trademarked by American businessman Dallas Hostetler, which aims to calculate the first day of the year on which a nation as a whole has theoretically earned enough income to pay its taxes. Every dollar that is officially considered income by the government is counted ...
Sunday, Aug. 4. American Family Day. Assistance Dog Day. Founder's Day. Hooray for Kids Day. International Clouded Leopard Day. National Chocolate Chip Cookie Day. National Friendship Day ...
Independence Day[ 1] ( Filipino: Araw ng Kasarinlán; also known as Araw ng Kalayaan, "Day of Freedom") is a national holiday in the Philippines observed annually on June 12, [ 2] commemorating the declaration of Philippine independence from Spain in 1898. [ 2] Since 1978, it has been the country's National Day .