By Thea Alberto, Yahoo! Southeast Asia

The Palace has declared August 30 a non-working holiday.

“August 30 is a holiday. It falls on a Monday, it’s not going to be moved,” said Presidential spokesman Edwin Lacierda.

National Heroes Day, celebrated yearly every last Monday of August, falls on August 30.

For regular holidays, employees who report to work receive 200 percent basic wage for the first eight hours, plus an additional 30 percent of the per-hour rate for the succeeding hours counted as overtime.

For special non-working holidays, employees get 130 percent of the daily rate for the first eight hours with additional 30 percent hourly rate for overtime.

President Benigno “Noynoy” Aquino III drew flak this week for not declaring August 23 a holiday despite the Holiday Economics Law implemented by his predecessor, now Pampanga Representative Gloria Macapagal-Arroyo.

Arroyo observed holiday economics through Republic Act 9492, which sought to drive domestic tourism.

Under the said law, when a holiday falls on a Wednesday, it will be observed on Monday of the same week. But if the holiday falls on a weekend, it will be observed the following Monday.

Photo by Izah Morales, Yahoo! Southeast Asia