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On July 25, 1987, President Corazon Aquino promulgated the Administrative Code of the Philippines. [1] Chapter 7 of this code specified a list of ten nationwide regular holidays and two nationwide special days and provided that the President may proclaim any local special day for a particular date, group or place.
There are more than 42,000 known major and minor festivals in the Philippines, the majority of which are in the barangay (village) level. Due to the thousands of town, city, provincial, national, and village fiestas in the country, the Philippines has traditionally been known as the Capital of the World's Festivities.
She would sign into law Republic Act 9492 the Holiday Economics Law on July 24, 2007 [3] which allows the observance of otherwise fixed public holidays except for New Year's Day on January 1, All Saint's Day on November 1, Christmas Day on December 25, and the last day of the year, December 31 to the nearest Monday.
The Labor Code of the Philippines is the legal code governing employment practices and labor relations in the Philippines. It was enacted through Presidential Decree No. 442 on Labor day, May 1, 1974, by President Ferdinand Marcos in the exercise of his then extant legislative powers. [ 1]
Independence Day (Philippines) 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 .
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 ...
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]
The Philippine Economic Zone Authority ( PEZA ), formerly known as the Foreign Trade Zone Authority ( FTZA) and Export Processing Zone Authority ( EPZA ), is a Philippine government agency attached to the Department of Trade and Industry . It was created to help promote investments in the export-oriented manufacturing industry into the country ...