Today is New Year’s Eve in China and some other countries in Southeast Asia.. and tomorrow begins the Year of the Rabbit, according to Chinese zodiac.
The New Year celebration begins with the new moon on the first day of the lunar year and ends on the full moon 15 days later.
Following a tumultuous Year of the Tiger, it will be a calmer, more harmonious Year of the Rabbit, the year 4709 according to the Chinese calendar.
In the Philippines, many are celebrating the Lunar New Year by eating cakes decorated with gold and diamonds that can cost anywhere from $500 to $2,700. Each cake has 24-carat gold foil over them and a several small diamonds. Filipinos are buying these cakes for good luck.
Angelito Araneta Jr., the creator of the expensive dessert, claims that these rabbit-shaped sweet rice cakes will boost up your luck, secure good ties with friends and family and attract wealth.