Holiday Pay for Chinese New Year 2021 per Labor Advisory 02, Series of 2021 PDFAtty Elvin
Chinese New Year falling on February 12, 2021 was declared as Special Day under Proclamation No. 986. Thus, being a special day, the general rule is no-work, no-pay.
In relation to said Proclamation, the Department of Labor and Employment (DOLE) issued Labor Advisory 02, Series of 2021.
Below is the PDF of the Labor Advisory (original copy/file not mine). Here is the link to Proclamation No. 986 as well.