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BusinessWorld is a business newspaper in the Philippines with a

nationwide circulation of more than 117,000 (as of March 2014).cite-ref-businessworldpublishingcorporation-1-0[1]

Founded in 1967 as Business Day, it is Southeast Asia's first daily

business newspaper.cite-ref-2[2]

• History

• Business Day (1967–1987)

• BusinessWorld (1987–2003)

• MVP Group acquisition

• BusinessWorld Live

• BusinessWorld Economic Forum

• Forum themes

• BusinessWorld Top 1000 Corporations in the Philippines

• References

• External links

Raul L. Locsin became a business reporter for the Manila Chronicle in

1963. He helped establish the Economic Monitor, the first business

weekly in the Philippines. Then, he founded Business Day, the first

Southeast Asian business daily.cite-ref-2-3-0[3]

In its debut issue, released on February 27, 1967, Business Day promised

"competent and responsible reporting of the news."cite-ref-4[4] As

editor-in-chief, Locsin aimed to demystify business and economics and

make the subject more accessible to the general public. During

martial law under Ferdinand Marcos (1972–1981), Business Day was the

only independently owned newspaper in Manila. It gained a reputation for

accuracy in an era of misinformation,cite-ref-1-5-0[5] as Locsin was committed to the

tenet that "a newspaper is a public trust" and promised editorial

freedom.cite-ref-2-3-1[3] Business Day ran articles critical of President

Marcos.cite-ref-6[6]cite-ref-7[7]cite-ref-8[8]

After a labor strike by leftist staff, Locsin resigned and closed

Business Day in 1987. Four months prior, he had finished repaying the

newspaper's accumulated debt. The majority of his former staff picketed

his house to convince him to return. They set up a new corporation,

BusinessWorld Publishing Corporation, with Locsin accepting the position

of publisher, president, and editor.cite-ref-2-3-2[3]cite-ref-locsin-9-0[9]

The first issue of BusinessWorld, the successor of Business Day, was

released on July 27, 1987.cite-ref-www-officialgazette-gov-ph-10-0[10] 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.

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,

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.cite-ref-11[11] In March 2014, José Roberto

"Roby" A. Alampay, head of Philippine news portal and PLDT subsidiary

InterAksyon.com and a News5 anchor, was appointed concurrent

editor-in-chief of the newspaper.cite-ref-businessworldpublishingcorporation-1-1[1]

In July 2015, The Philippine Star acquired the entire 76.63% stakecite-ref-12[12]

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.cite-ref-13[13]

In January 2020, managing editor Wilfredo G. Reyes was appointed as the

paper's new editor-in-chief replacing Alampay.cite-ref-14[14]

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.

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.cite-ref-bef2016-15-0[15]cite-ref-dizon-16-0[16]

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.cite-ref-bef2020-17-0[17]

• 2016 - held on July 12, 2016, at the Shangri-La The Fort, Bonifacio

Global City, Taguig, with the theme, "Charting Progress to 2020: What to

Expect from the New Presidency".cite-ref-bef2016-15-1[15]cite-ref-dizon-16-1[16]

• 2017 - held on May 19, 2017, at Shangri-La at The Fort in Bonifacio

Global City, Taguig with the theme, "Fueling Philippine Economic

Expansion Beyond 2017: The Engines of Growth".cite-ref-18[18]

• 2018 - held on May 18, 2018, at the Grand Hyatt Manila in Bonifacio

Global City, Taguig with the theme, "Disruptor or Disrupted? The

Philippines at the Crossroads".cite-ref-19[19]

• 2019 - held on May 30, 2019, at the Grand Hyatt Manila in Bonifacio

Global City, Taguig with the theme, "The Fu of Business: Next-wave

Disruptions & Opportunities".cite-ref-20[20]

• 2020 - to be held online from November 25 to 26, 2020 with the theme,

"The Big Reshape: Towards a More Resilient, Sustainable and Inclusive

Future".cite-ref-bef2020-17-1[17]

• 2021 -

• 2022 -

Business World Magazine's annual ranking of the Philippines' largest

corporations, ranked by revenue, is known as the BusinessWorld Top 1000

Corporations in the Philippines. The list provides detailed information

about each company, such as after-tax profits, assets, investors and

shareholders' assets, and market value. Public companies with their

corporate offices and incorporation in the Philippines are included in

the top 1000. Meralco, Petron Corporation, Toyota Motor Philippines,

Pilipinas Shell, Texas Instruments Philippines,

Toshiba Information Equipment, Philippine Airlines, Mercury Drug,

BDO Unibank, and Nestlé Philippines are among the Top 1000 Corporations

in the Philippines.

According to the Philippine Star, the BusinessWorld Top 1000 firms’

performance in 2016 is reflective of the overall economic performance

that year with gross domestic product growth of 6.9 percent being the

fastest in three years as well as the second fastest among its Asian

neighbors.cite-ref-philstar-21-0[21]

The Top 1000 list has become vital to the research on performance of

Philippine companies and domestic economy that the Business Expectations

Surveycite-ref-bsp-22-0[22] that is released on a quarterly basis by the

Bangko Sentral ng Pilipinas is drawn from a pool of the Securities and

Exchange Commission’s Top 7,000 Corporations in 2010, and Business

World’s Top 1,000 Corporations in 2013. cite-ref-aseanbriefing-23-0[23]

Additionally, the Conduct of the Corporate Financial Trends Survey

(CFTS) by the Philippine Financial Stability Coordination Council (FSCC)

also selected sample establishments/enterprises from the list of Top

1,000 Corporations released by the BusinessWorld. The FSCC consists of

Bangko Sentral ng Pilipinas (BSP), Department of Finance (DOF),

Insurance Commission (IC), Philippine Deposit Insurance Corporation

(PDIC), and Securities and Exchange Commission (SEC).cite-ref-psa-24-0[24]

A study published in DLSU Business & Economics Review evaluated the Web

presence of the top multinational manufacturing corporations in the

Philippines from a sample of 70 Web sites of companies in

BusinessWorld’s list of the Top 1000 Corporations in the Philippines for

2006. The websites were subjected to a framework of ten critical

factors; and comparisons were made against existing benchmarks.

Thereafter, the functionality of the Web sites of the three top-ranked

companies was analyzed using a two-dimensional grid for Web site

evaluation. Results indicate that there is a need for improvement in the

design and quality of the Web sites of manufacturing firms in the

Philippines.cite-ref-dlsu-25-0[25]

About one-third of the large establishments make it to the list of the

Philippines’ Top 1000 Corporations, which is published annually by

BusinessWorld and its predecessor, Business Day, in cooperation with the

Securities and Exchange Commission (SEC). From 1970 to 2009, industrial

sector has consistently dominated the list of Top 1000 corporations.cite-ref-26[26]

During pandemic, the drop in gross income mirrored a drop in economic

output following the outbreak of the coronavirus disease 2019 (COVID-19)

pandemic. In actual terms, the Philippine economy fell by 9.6% in 2020

(-8.1 percent in current prices), the lowest result since the 1940s.

Manila Electric Co. (Meralco) took the top rank in this year's edition

with gross revenues of P266.055 billion, down 13.9 percent from P309.090

billion the previous year. San Miguel Corp. and SM Investments Corp.'s

combined business units came in second and third, with gross earnings of

P773.569 billion (-27.6%) and P396.751 billion (-21.7%), respectively.

370 international corporations made the list, accounting for 37.1

percent of the top 1000's total gross revenue this year. Its total

revenuecite-ref-27[27]

BusinessWorld researchers use a "tickmarking" guide in their methodology

for the Top 1000 publication, which is a way for them to identify items

considered as the net sales, cost of sales, debt, or inventory in the

financial statements since such items would depend on the industry where

companies belong.cite-ref-28[28]

cite-note-businessworldpublishingcorporation-11. ↑ "BusinessWorld Online Edition - Philippine Business News & Analysis: About BusinessWorld". BusinessWorld. Archived from the original on October 6, 2014. Retrieved September 13, 2020.

cite-note-22. ↑ citerefeditorial-staffEditorial Staff. "History". BusinessWorld. Retrieved June 26, 2019.

cite-note-2-33. ↑ citereflopez1999Lopez, Antonio (August 6, 1999). "Man of His Word: Raul Locsin". Asiaweek. Archived from the original on January 29, 2011. Retrieved June 4, 2024.

cite-note-44. ↑ "History | Editorial Staff". BusinessWorld. Retrieved June 5, 2024.

cite-note-1-55. ↑ "Locsin, Raul". Ramon Magsaysay Award Foundation. 1999. Retrieved June 4, 2024.

cite-note-66. ↑ citerefreed1984Reed, Jack (February 3, 1984). "Business, labor leaders appeal to Marcos". United Press International. Retrieved June 5, 2024.

cite-note-77. ↑ "Marcos Called Golf Cheat". Los Angeles Times. March 20, 1986. Retrieved June 5, 2024.

cite-note-88. ↑ citerefbranigan1984Branigan, William (August 15, 1984). "'Crony Capitalism' Blamed for Economic Crisis". The Washington Post. Retrieved June 5, 2024.

cite-note-locsin-99. ↑ citerefsantos2003Santos, Vergel (May 26, 2003). "In memoriam: Producing a newspaper standing straight". BusinessWorld. Retrieved June 5, 2024.

cite-note-www-officialgazette-gov-ph-1010. ↑ "Speech of President Aquino at the 25th anniversary of BusinessWorld, July 27, 2012". www.gov.ph. Archived from the original on September 24, 2015.

cite-note-1111. ↑ "BusinessWorld - Mediaquest assumes control of BusinessWorld". BusinessWorld. September 18, 2013. Retrieved September 13, 2020.

cite-note-1212. ↑ "BusinessWorld | PhilStar group formalizes BusinessWorld acquisition". www.bworldonline.com. July 10, 2015. Retrieved October 12, 2015.

cite-note-1313. ↑ "Philstar acquires 77-percent of BusinessWorld". July 9, 2015. Archived from the original on July 10, 2015. Retrieved July 10, 2015.

cite-note-1414. ↑ "History | Editorial Staff". BusinessWorld. Retrieved September 13, 2020.

cite-note-bef2016-1515. ↑ "Pangilinan, Robredo, Dominguez to lead 1st BusinessWorld Economic Forum". The Philippine Star. June 24, 2016. Retrieved September 13, 2020.

cite-note-dizon-1616. ↑ citerefdizon2016Dizon, Erika Denise (July 26, 2016). "Senior executives reiterate push for simpler tax systems, red tape reduction". BusinessWorld. Retrieved September 13, 2020.

cite-note-bef2020-1717. ↑ "BusinessWorld Virtual Economic Forum 2020". BusinessWorld. Retrieved September 13, 2020.

cite-note-1818. ↑ "BusinessWorld Economic Forum – May 19, 2017". BusinessWorld. June 7, 2017. Retrieved September 13, 2020.

cite-note-1919. ↑ "BusinessWorld Economic Forum 2018 tackles realities of disruption". BusinessWorld. May 31, 2018. Retrieved September 13, 2020.

cite-note-2020. ↑ "BusinessWorld Economic Forum 2019". BusinessWorld. Retrieved September 13, 2020.

cite-note-philstar-2121. ↑ "Top 1000: How key business sectors performed". The Philippine Star. Retrieved June 15, 2022.

cite-note-bsp-2222. ↑ "Publications - Business Expectations Survey". Bangko Sentral ng Pilipinas. Retrieved June 15, 2022.

cite-note-aseanbriefing-2323. ↑ "Recent Study Reveals Investor Confidence over Philippines' Business Horizon". ASEAN Briefing. Retrieved June 15, 2022.

cite-note-psa-2424. ↑ "PSA Grants Clearance to the Conduct of the Corporate Financial Trends Survey (CFTS)". PSA. Retrieved June 23, 2022.

cite-note-dlsu-2525. ↑ "Benchmarking the Home Pages of the Top Multinational Manufacturing Corporations in the Philippines". DLSU. Retrieved June 23, 2022.

cite-note-2626. ↑ "Continuity and Change in the Philippine Business Landscape" (PDF). Kobe University. Retrieved June 23, 2022.

cite-note-2727. ↑ citereftirona2020Tirona, Ana Olivia (May 17, 2020). "Coronavirus pandemic slams revenues of Philippines' top 1000 firms".

cite-note-2828. ↑ citerefignacio2021Ignacio, Chelsey Keith (September 6, 2021). "An in-depth publication of financial information". BusinessWorld.

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