February 10, 2024 is a special non-working holiday nationwide as mandated by President Ferdinand Marcos, Jr.’s Proclamation 368 which he signed last October 2023. Click here to read more about Proclamation 368 of 2023.
In making the holiday proclamation, Marcos noted that the Chinese New Year is “one of the most revered and festive events celebrated not only in China but also in the Philippines.”
Chinese New Year was first declared a non-working holiday in 2012 and it now stands as one of the legacies of the late former President Benigno Aquino III, who has Chinese ancestry from his mother’s side.
Pay Rules For Chinese New Year – February 10, 2024
According to the 2020 DOLE handbook on workers statutory monetary benefits, the “no work, no pay” principle applies during special non-working holidays like Chinese New Year. This means that workers who are not required or permitted to work on February 10, 2024 are not entitled to any compensation unless there is a collective bargaining agreement or a company policy that provides for that.
The handbook likewise highlighted that employees who work during special non-working days are entitled to receive an additional pay of 30% for every hour that they render service.