Yes, its official non-working holiday in August 5, 2009.
Proclamation 1851: NOW, THEREFORE, I, GLORIA MACAPAGAL-ARROYO, President of the Republic of the Philippines, by virtue of the powers vested in my by law, do hereby declare August 5, 2009, Wednesday, to be a special non-working holiday nationwide in honor of the late former President Corazon C. Aquino.
This Proclamation shall take effect immediately.
IN WITNESS WHEREOF, I have hereunto set my hand and caused the seal of the Republic of the Philippines to be affixed.