January 2, 2009 may be declared a holiday, according to Malacañang.
President Gloria Macapagal Arroyo will be consulting the business community and the labor sector before deciding whether to declare January 2, sandwiched between New Year's Day and a Saturday, a holiday.
If it is not declared a holiday, January 2 would be the first working day in 2009 after the long Christmas season break from December 25 to January 1.
Many citizens are clamoring for it to be declared a holiday.
Mrs. Arroyo has been promoting "holiday economics" to help promote local tourism. But many business firms have been complaining of higher labor costs caused by holiday economics. -- report from NADIA TRINIDAD, ABS-CBN News