Last Day of the Year or Bisperás ng Bagong Taón
Last Day of the Year or Bisperás ng Bagong Taón is held on December 31. The special holiday between Rizal Day and New Year's Day in the Philippines. This event in the third decade of the month December is annual. 
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This holiday, which marks the conclusion of the civil year, is between two regular holidays, Rizal Day, and New Year's Day. This holiday is a special non-working day every December 31. "Executive Order No. 292 [BOOK I/Chapter 7-Regular Holidays and Nationwide Special Days]". Official Gazette of the Republic of the Philippines. Government of the Philippines. July 25, 1987.
On July 25, 1987, President Corazon Aquino promulgated the Administrative Code of the Philippines. Chapter 7 of this code specified a list of ten nationwide regular holidays and two nationwide special days and provided that the President may proclaim any local special day for a particular date, group or place.
Presidential Proclamations issued subsequent to the promulgation of Republic Act No. 9492 established celebration dates for national holidays and special days, and established new holidays and special days, some nationwide and some local to specified localities.
Similar holidays and events, festivals and interesting facts
Rizal Day in the Philippines on December 30
The solemn procession around the Basilica of the Black Nazarene in Manila on January 9 (the event glorifies Jesus of Nazareth, presented in the form of a sculpture of the black Christ carrying his cross);
Sinulog Festival in the Philippines on January 19 (celebrated on the third Sunday in January);
The Philippines Constitution Day on February 2
Dom Justo Takayama on February 3 (the Philippines and Japan);
Evelio Javier Day on February 11 (Panay Island, the Philippines);
Musikahan Festival on February 21 (Tagum City, the Philippines)
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