Personal tools
Jump to: navigation, search

Definition

Holiday economics is a term which describes the government’s deliberate manipulation of holiday dates for economic and organizational purposes. Introduced by President Macapagal-Arroyo in 2001, holiday economics moves holidays in the middle of the week to Monday or Friday to avoid disruptions in business activities and to provide families with three day weekends. By encouraging people to spend and travel more during holidays, it aims to boost domestic tourism and to improve the Philippine economy. This policy was then officially made into a law in August 20, 2007 when President Macapagal-Arroyo signed the Republic Act (RA) 9492, “An Act Rationalizing the Celebration of National Holidays”. This law moves all national holidays to the nearest Monday and provides a six-month advanced notice before a holiday would be declared non-working.

References

  • This page was last modified on 21 February 2009, at 03:15.
  • This page has been accessed 2,184 times.
The Fine Print: contents on this site are owned by whoever posted them (as indicated on the page History). Neither the DILC nor the University is responsible for them in any way. DILC reserves the right to delete them if they are deemed in violation of the University's Acceptable Use Policy and other applicable laws.