Last updated
LOGO2014only - CopperBW.svg
BusinessWorld, April 13, 2018 issue.jpg
The front page of BusinessWorld on
April 13, 2018
TypeDaily newspaper (excluding weekends)
Format Broadsheet
Owner(s) Philstar Daily Inc., (70%)
World Press, Inc.(30%)
Founder(s)Raúl L. Locsin†
PublisherBusinessWorld Publishing Corporation
PresidentMiguel G. Belmonte
Editor-in-chiefWilfredo G. Reyes
Associate editorAlicia A. Herrera
Bettina Fay Roc
Timothy Roy Medina
Managing editorCathy Rose A. Garcia
Director of InteractiveSam L. Marcelo (Multimedia Head)
Sports editorFrancisco P. Baltazar
FoundedFebruary 27, 1967;54 years ago (1967-02-27)
Political alignmentIndependent
Language English
Headquarters95 Balete Drive Extension,
Brgy. Kristong Hari, New Manila,
Quezon City, Metro Manila,
City Manila
Country Philippines
Circulation 117,000(as of March 31, 2014)

BusinessWorld is a business newspaper in the Philippines with a nationwide circulation of more than 117,000 (as of March 2014). [1] Founded in 1967 as Business Day, it is Southeast Asia's first daily business newspaper. [2]



Front page of BusinessWorld, 27 July 1987 BusinessWorld frontpage (1987).jpg
Front page of BusinessWorld, 27 July 1987
The current headquarters of the BusinessWorld at Balete Drive Extension 7730Balete Drive Quezon City Landmarks 33.jpg
The current headquarters of the BusinessWorld at Balete Drive Extension

Business Day

Raúl Locsin, then a reporter for the business section of the now-defunct The Manila Chronicle , took out a 5,000 loan to start Business Day, the paper's forerunner. [1]

Business Day released its debut issue on 27 February 1967. It was the first business daily in Southeast Asia, and it was dedicated to “competent and responsible reporting of the news.” [3]

On 1 March 1971, Business Day published a record of the previous year's highest-grossing Philippine firms. Eight years later, the Securities and Exchange Commission and Business Day launched 1000 Top Corporations in the Philippines gazette. This effort laid the foundation for what is now known as BusinessWorld Top 1000 Corporations in the Philippines, an annual magazine that provides readers with corporate financial data.

Business Day survived the martial law period, [4] partly due to President Ferdinand Marcos allowing the paper to run because it did not cover politics, a move calculated to give a veneer of press freedom to his authoritarian regime. [3]

After the 1986 People Power Revolution, the paper eventually closed on 5 June 1987, due to a labour strike. Employees who did not join the strike, quickly regrouped with Locsin, to set up the current BusinessWorld Publishing Corporation.


The first copy of BusinessWorld was sold on 27 July 1987. [4] In the same year, BusinessWorld became the first among local dailies to use desktop publishing, and in 1991 it incorporated World Press, Inc., a fully owned printing subsidiary of the firm located in Antipolo, Rizal.

World Press, which started with a five-unit web offset printing press, already had nine units by 1995. In two years, it was able to own pre-press facilities that allowed for the Color Electronic Pagination System, which made BusinessWorld the country's first newspaper printed in full color.

Previously housed in Ortigas Center, Pasig, BusinessWorld moved to its current location in New Manila, Quezon City in 1994. The building was designed by Locsin's cousin, the late National Artist for Architecture Leandro V. Locsin, who also worked on the Philippine Stock Exchange Plaza in Makati.

When Locsin died in May 2003 after a long-term illness, his wife, executive editor and chief operating officer Leticia Locsin, took over as the paper's president, publisher, and chairperson until her death in August 2005. Their daughter, Barbara Locsin, headed the paper for a while, later succeeded by Anthony Cuaycong as chief operating officer.

MVP Group acquisition

In 2004, the Philippine Long Distance Telephone Company (PLDT), led by businessman Manuel V. Pangilinan, acquired a minority stake in BusinessWorld through PLDT's Beneficial Trust Fund unit, MediaQuest Holdings, Inc. In September 2013, MediaQuest assumed control of the paper, with its subsidiary Hastings Holdings Inc. increasing its stake from 30% to 76.67% and infusing 100 million into the company over the next 12 months. Smart Communications, Inc. co-founder and chief wireless advisor Orlando Vea was named acting president. [5] In March 2014, José Roberto "Roby" A. Alampay, head of Philippine news portal and PLDT subsidiary and a News5 anchor, was appointed concurrent editor-in-chief of the newspaper. [1]

In July 2015, The Philippine Star acquired the entire 76.63% stake [6] of its sister broadsheet BusinessWorld from Hastings Holdings Inc., the subsidiary of The Star's parent, MediaQuest. The Philippine Star president Miguel G. Belmonte was named concurrent president of the broadsheet. [7]

In January 2020, managing editor Wilfredo G. Reyes was appointed as the paper's new editor-in-chief replacing Alampay. [8]

BusinessWorld Live

In 2018, BusinessWorld became part of the One News organization, a 24-hour English-language news channel owned and operated by Cignal TV, the cable TV business of the MVP Group's Mediaquest Holdings, Inc. The newspaper launched its own business news program, BusinessWorld Live, in the channel. The one-hour program premiered on May 28, 2018 and airs every weekdays, 9:00 to 10:00 a.m. (PST). Due to COVID-19 pandemic, BusinessWorld Live temporarily broadcasts from 10:30 AM to 11:00 AM. TV personalities Danie Laurel and JP Ong (replaced by Jes delos Santos in 2019) hosts the business news program.

BusinessWorld Economic Forum

In 2016, BusinessWorld hosted the inaugural BusinessWorld Economic Forum at the Bonifacio Global City in Taguig, Philippines with the theme "Charting Progress to 2020: What to Expect from the New Presidency". The annual business forum gathers some of the biggest names in Philippine and global business for a day of discussion sessions on different trends and events affecting the future of business, trade and economics. [9] [10]

Since its inception, the forum has been held three times already, each with a different theme and set of speakers. In 2020, the event will be held online due to the COVID-19 pandemic in the Philippines. [11]

Forum themes

Related Research Articles

Metro Manila Metropolitan area and region of the Philippines

Metropolitan Manila, officially the National Capital Region, is the seat of government and one of three defined metropolitan areas in the Philippines. It is composed of 16 cities: the city of Manila, Quezon City, Caloocan, Las Piñas, Makati, Malabon, Mandaluyong, Marikina, Muntinlupa, Navotas, Parañaque, Pasay, Pasig, San Juan, Taguig, and Valenzuela, as well as the municipality of Pateros. The region encompasses an area of 619.57 square kilometers (239.22 sq mi) and a population of 12,877,253 as of 2015.  It is the second most populous and the most densely populated region of the Philippines. It is also the 9th most populous metropolitan area in Asia and the 5th most populous urban area in the world.

Taguig City in Metro Manila, Philippines

Taguig ([taˈɡiɡ]), officially the City of Taguig, is a 1st class highly urbanized city in Metro Manila, Philippines. According to the 2015 census, it has a population of 804,915 people.  Located in the western shores of Laguna de Bay, the city is known for Bonifacio Global City, one of the leading financial centers of the Philippines. Originally a fishing village during the Spanish and American colonial periods, it experienced rapid growth when former military reservations were converted by the Bases Conversion and Development Authority (BCDA) into mixed-use planned communities. Taguig became a highly urbanized city with the passage of Republic Act No. 8487 in 2004.

PLDT Philippine telecommunications company

PLDT, Inc., formerly known as the Philippine Long Distance Telephone Company, is a telecommunications, internet, and digital service holdings company in the Philippines. It is one of the country's major telecommunications providers, along with Globe Telecom. Founded in 1928, it is the oldest and largest telecommunications company in the Philippines, in terms of assets and revenues.

Smart Communications Wireless communications and digital services subsidiary of PLDT, Inc.

Smart Communications, Inc., commonly referred to as Smart, is a wholly owned wireless communications and digital services subsidiary of PLDT, Inc., a telecommunications and digital services provider based in the Philippines. The company has 73 million mobile subscribers as of 2020, under the brands Smart, Sun, and TNT. Smart's wireless broadband subscribers number 3.8 million under the brands Smart Bro and Sun Wireless Broadband.

Bonifacio Global City Central Business District in National Capital Region, Philippines

Bonifacio Global City is a financial and lifestyle district in Taguig, Metro Manila, Philippines. It is located 11 km (6.8 mi) south-east of the center of Manila. The district experienced commercial growth following the sale of military land by the Bases Conversion and Development Authority (BCDA). The entire district used to be the part of the main Philippine Army camp.

JG Summit Holdings, Inc (JGSHI) is one of the largest conglomerates in the Philippines with business interests in air transportation, banking, food manufacturing, hotels, petrochemicals, power generation, publishing, real estate and property development, and telecommunications. Key subsidiaries include Universal Robina and Cebu Pacific. Incorporated on November 1990, JG Summit Holdings was founded by John Gokongwei Jr., one of the wealthiest individuals in Southeast Asia. In 2010, JGSHI was one of the ten most profitable companies on the Philippine Stock Exchange.

<i>The Philippine Star</i> Philippine newspaper

The Philippine Star is an English-language print and digital newspaper in the Philippines and the flagship brand of the PhilStar Media Group. First published on 28 July 1986 by veteran journalists Betty Go-Belmonte, Max Soliven and Art Borjal, it is one of several Philippine newspapers founded after the 1986 People Power Revolution.

Grand Hyatt Manila

The Grand Hyatt Manila is a 318 m (1,043 ft) mixed-used skyscraper, located in Bonifacio Global City, Taguig, Metro Manila. It is the tallest building in the Philippines since its completion in 2017.

Ayala Malls Chain of shopping malls owned by Ayala Corporation

Ayala Malls is a real-estate subsidiary of Ayala Land, an affiliate of Ayala Corporation. Founded in 1988, Ayala Malls own a chain of large shopping malls, all located in the Philippines. Ayala Malls is the one of the largest shopping mall retailer in the Philippines, along with SM Supermalls and Robinsons Malls.

SM Aura Premier Shopping mall in Taguig, Philippines

SM Aura Premier is a large upscale shopping mall located along McKinley Parkway corner 26th Street, Bonifacio Global City, Taguig Metro Manila, Philippines, owned by SM Prime Holdings, the country's largest mall developer. It is the 13th SM Supermall in Metro Manila and 47th SM Prime mall in the Philippines. It is the 2nd SM Supermall to be called "Premier" after SM Lanang Premier. The shopping center is situated near its rival mall Market! Market!, owned by Ayala Malls, a real estate subsidiary of Ayala Land, and affiliate of Ayala Corporation. It is designed by EDGE Interior Designers and Arquitectonica.

Cignal Philippine satellite television and IPTV provider

Cignal is a Philippine satellite television and IPTV provider, owned by Cignal TV Inc., a wholly owned subsidiary of the MediaQuest Holdings Inc. under the PLDT Beneficial Trust Fund.

Teodoro Locsin Jr. Filipino politician

Teodoro "Teddy Boy" Lopez Locsin Jr. is a Filipino politician, diplomat, lawyer, and former journalist serving as the Secretary of Foreign Affairs since October 2018. He was a member of the House of Representatives from 2001 to 2010, representing the 1st district of Makati and later served as the Philippine Ambassador to the United Nations from 2017 to 2018. He was the host of the editorial segment titled "Teditorial" for ANC's nightly newscast The World Tonight.

TV5 Network Filipino media company

TV5 Network Inc., commonly known as TV5, is a Filipino media company based in Mandaluyong, with its alternate studios based in Novaliches, Quezon City. It is owned by MediaQuest Holdings, an investee company of Philippine telecommunications giant PLDT, through its Beneficial Trust Fund, and headed by business tycoon Manuel V. Pangilinan.

TV5 Media Center

The TV5 Media Center, also known as Launchpad Center, the headquarters and broadcast complex of TV5 and affiliate companies Cignal, Nation Broadcasting Corporation, Philex Mining Corporation and Voyager Innovations, Inc.

Makati Central Business District Central Business District in National Capital Region, Philippines

The Makati Central Business District, also known as the Makati CBD, is the leading financial and central business district in the Philippines located at the heart of Makati in Metro Manila. It is politically known as "Central Cluster" in the West District of Makati. It is different from the civic center of Makati known as "Makati Poblacion" which is situated at the north-east portion of the district. It is bounded by EDSA, Gil Puyat Avenue, Arnaiz Avenue, and Chino Roces Avenue. The whole district occupies barangays of San Antonio, San Lorenzo, Bel-Air, and Urdaneta.

Alliance Global Group, Inc., styled on its logo as AllianceGlobal and also known as Alliance Global, Inc. (AGI), is a large holding company with business activities spanning the food and beverage industry, gambling, and real estate development.

Kalayaan Flyover

The Kalayaan Flyover, also known as the EDSA–Kalayaan Flyover, is a four-lane flyover connecting Gil Puyat Avenue, Epifanio de los Santos Avenue (EDSA), Kalayaan Avenue, and 32nd Street in Metro Manila, the Philippines. Located primarily in Makati with a short portion in Taguig, it facilitates access from the Makati Central Business District to the Bonifacio Global City and, ultimately, to Circumferential Road 5 (C-5).

SkyTrain is an Under-construction monorail line meant to serve the city of Makati and Bonifacio Global City area in Taguig, Metro Manila.

Fort Bonifacio (barangay) Barangay in National Capital Region, Philippines

Fort Bonifacio is one of the 28 barangays of Taguig, Metro Manila, Philippines. The financial district of Bonifacio Global City, the Fort Bonifacio military camp and the Manila American Cemetery are under the jurisdiction of the barangay.

Seda Hotels

Seda is a Philippine brand of hotels owned and operated by Ayala Land Hotels and Resorts, a subsidiary of Ayala Corporation. The first hotel under the Seda brand began operations in 2012 with the opening of Seda BGC at the Bonifacio Global City in Taguig, Metro Manila, Philippines. The hotel chain has 11 branches as of 2020, all located in the Philippines.


  1. 1 2 3 BusinessWorld Publishing Corporation. "BusinessWorld Online Edition - Philippine Business News & Analysis: About BusinessWorld". BusinessWorld. Archived from the original on 2014-10-06. Retrieved 13 September 2020.
  2. Editorial Staff. "History". BusinessWorld. Retrieved 26 June 2019.
  3. 1 2 Santos, Vergel (26 May 2003). "In memoriam: Producing a newspaper standing straight". BusinessWorld.
  4. 1 2 "Speech of President Aquino at the 25th anniversary of BusinessWorld, July 27, 2012". Archived from the original on September 24, 2015.
  5. "BusinessWorld - Mediaquest assumes control of BusinessWorld". BusinessWorld. September 18, 2013. Retrieved 13 September 2020.
  6. "BusinessWorld | PhilStar group formalizes BusinessWorld acquisition". July 10, 2015. Retrieved 2015-10-12.
  7. "Philstar acquires 77-percent of BusinessWorld". July 9, 2015. Archived from the original on July 10, 2015. Retrieved July 10, 2015.
  8. "History | Editorial Staff". BusinessWorld. Retrieved 13 September 2020.
  9. 1 2 "Pangilinan, Robredo, Dominguez to lead 1st BusinessWorld Economic Forum". The Philippine Star. 24 June 2016. Retrieved 13 September 2020.
  10. 1 2 Dizon, Erika Denise (26 July 2016). "Senior executives reiterate push for simpler tax systems, red tape reduction". BusinessWorld. Retrieved 13 September 2020.
  11. 1 2 "BusinessWorld Virtual Economic Forum 2020". BusinessWorld. Retrieved 13 September 2020.
  12. "BusinessWorld Economic Forum – May 19, 2017". BusinessWorld. 7 June 2017. Retrieved 13 September 2020.
  13. "BusinessWorld Economic Forum 2018 tackles realities of disruption". BusinessWorld. May 31, 2018. Retrieved 13 September 2020.
  14. "BusinessWorld Economic Forum 2019". BusinessWorld. Retrieved 13 September 2020.