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Source: The Inquirer (Manila)
Philippines Senate Bill 136, declaring Chinese New Year an annual special working holiday, has been approved at the committee level in the Senate, and is expected to reach the Senate floor for a vote in early February.
Note that, in parallel, a bill declaring Chinese Lunar New Year as a new special non-working public holiday passed a Committee reading, last summer (22-Aug-2009), and is still waiting for plenary debate in the the Philippines House of Representatives.
Related links:
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Philippines 2012 bank holidays and public holidays (current year)
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Philippines 2013 bank holidays and public holidays (next year)
• Philippines bank holidays and public holidays (news and updates)
• Worldwide
bank holidays and public holidays news updates (January 2010)
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Philippines Senate Set To Vote On Chinese New Year Holiday