BusinessWorld
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| Type | Daily newspaper (excluding weekends) |
|---|---|
| Format | Broadsheet |
| Owner(s) |
Philstar Daily Inc., (70%) World Press, Inc.(30%) |
| Founder(s) | Raúl L. Locsin† |
| Publisher | BusinessWorld Publishing Corporation |
| President | Miguel G. Belmonte |
| Editor-in-chief | José Roberto "Roby" A. Alampay |
| Associate editor | Alicia A. Herrera |
| Managing editors | Wilfredo G. Reyes |
| Founded | February 27, 1967 |
| Political alignment | Independent |
| Language | English |
| Headquarters | 95 Balete Drive Extension, Brgy. Kristong Hari, New Manila, Quezon City, Metro Manila, Philippines |
| City | Manila |
| Country | Philippines |
| Circulation | 117,000 (as of March 31, 2014) |
| Website | BusinessWorld Online |
BusinessWorld is a business newspaper in the Philippines with a nationwide circulation of more than 117,000 (as of March 2014). Founded in 1967 as Business Day, it is Southeast Asia's first daily business newspaper.
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.
Business Day released its debut issue on February 27, 1967. It was the first business daily in Southeast Asia, and it was dedicated to “competent and responsible reporting of the news.”
On March 1, 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, 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.
After the 1986 People Power Revolution, the paper eventually closed on June 5, 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 July 27, 1987. 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.
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