Several businessmen are concerned by too many holidays in the country, which Malacañang sometimes announce close to the date, Socioeconomic Planning Secretary Cayetano Paderanga Jr. said Thursday. Asked if he approves of the âholiday economics" policy instituted by the previous administration where some holidays are moved to the nearest Monday, Paderanga said the policy has had âbeneficial effects" and that the issue that businessmen are worried about are the proliferation of holidays. He did not name the concerned businessmen. Businesses are against the proliferation of holidays, the economic policy chief said in a press briefing in the Palace. âWhat I hear from them is that there are already many holidays relative to other countries. And the other one is when itâs difficult to look ahead and plan on when it will happen." Holiday announcements in the four-month-old Aquino administration are often made within the month the holiday falls.