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President Benigno Aquino III on Wednesday thumbed down a proposal to declare the Chinese New Year, February 3, a holiday. Aquino said the proposal came too late since he has already issued the list of holidays for 2011.

"This proposal, though we want to adopt it, unfortunately came after the issuance of the executive order on holidays. The consensus is all businesses have already adjusted to it plus the daily wage earners under no work no pay scheme will be adversely affected. We hope to include this next year," the President said.

Proclamation No. 84, signed by President Aquino, outlined the special and regular holidays for 2011, based on existing laws.