Holiday Econ Busted

I dislike holiday economics. I feel it disrespects the secular heroes of the country. But I couldn't argue with the economic effect of the policy.

It turns out however that there is no economic benefit from this policy. In fact

"HOLIDAY economics appears to have a “negative and insignificant” outcome on tourism activities and employment, according to a paper presented during the recent 10th National Convention on Statistics."

so let us end this nonsense and celebrate Bonifacio day when it's supposed to be celebrated.

Update:

Business Mirror has an Editorial on this.