Proclamation No. 1107 reducing the number of special non-working holidays and declaring November 2, December 24, and December 31 as "special working days" instead. Note that in the list, holidays in italics are "special non-working holidays," those in bold are "regular holidays," and those in non-italics and non-bold are "special holidays for schools." In addition, several other places observe local holidays, such as the foundation of their town. These are also "special days." January 1 – New Year's Day February 12 – Chinese New Year February 25 – 1986 EDSA Revolution April 1 – Maundy Thursday April 2 – Good Friday April 3 – Black Saturday April 9 – Araw ng Kagitingan (Day of Valor) May 1 – Labor Day May 13 – Eid'l Fitr (Feast of Ramadan) June 12 – Independence Day July 20 – Eid'l Adha (Feast of Sacrifice) August 21 – Ninoy Aquino Day August 30 – National Heroes Day November 1 – All Saints Day November 2 – Special working holiday November 30 – Bonifacio Day December 8 – Feast of the Immaculate Conception December 24 – Special working holiday December 25 – Christmas Day December 30 – Rizal Day December 31 – Special working holiday (in observance of New Year's Eve celebrations) Business and economy January 7 – The Security and Exchange Commission announces that it allows Investree to commence commercial operations. The firm becomes the first crowdfunding portal to be allowed to operate from the Philippines. January 28 – The Philippine Statistics Authority announces that the country's GDP contracted by 9.5% in 2020, the biggest GDP contraction since World War II. March 8 – Dito Telecommunity commences commercial operations in selected cities in Visayas and Mindanao, entering the country's telecommunications industry. March 25 – The Overseas Filipino Bank is given the first digital-only bank license in the Philippines, by the Monetary Board of the Bangko Sentral ng Pilipinas, the country's central bank. May 26 – Monde Nissin makes the largest initial public offering in the Philippines announcing that it has raised in its debut in the Philippine Stock Exchange. The IPO was filed on March 4. Entertainment and culture March 27 – Samantha Bernardo wins the title of 1st runner-up in the Miss Grand International 2020 pageant which was held in Bangkok, Thailand. April 5 – Kelley Day wins the title of 1st runner-up in the Miss Eco International 2020 pageant which was held