Malacañang Palace, the residence of the Philippine president, from the other side of the Pasig River (Photo credit: Wikipedia ) Malacanang Palace declares October 26, 2012 (Friday) as a regular national holiday in celebration of the Muslim Festival Eidul Adha. The declaration was made via Proclamation No. 488. There will be no classes and work during the said day. For those employees who will be required by their employers to report on that day shall receive extra compensation as directed by the labor law.