Philippines cancels Aug 23 holiday, says work day
MANILA, Aug 12 - Philippine markets will be open on Monday, Aug. 23, after the government said a previously declared holiday would instead fall on Aug. 21, the actual anniversary of the assassination of Benigno Aquino Jr, father of the current president.
The presidential palace said late on Wednesday it had reversed a decision of the previous administration to declare Aug. 23 a special non-working holiday.
"The president is empowered under Republic Act No 9492 to modify holidays by law, order or proclamation," presidential spokesman Edwin Lacierda said in a text message to reporters.
The 1983 assassination of opposition leader Aquino sparked massive protests that eventually led to the ouster of dictator Ferdinand Marcos in 1986.
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