Can BusinessWorld Be Trusted? Bias Analysis, Ownership, and Fact-Checking
BusinessWorld Overview and Political Bias
BusinessWorld is often characterized as having a pro-market, neoliberal bias, focusing heavily on macroeconomic stability and corporate growth. Some observers suggest its reporting may align with the interests of its parent conglomerate. It is frequently credited for its technical rigor, though critics argue it maintains an elite-centric viewpoint.
| Standpoint | Assessment |
|---|---|
| Overall political leaning | Center |
| Estimated number of readers | 2,000,000 |
| Israel support | Neutral / Generally aligns with international wire service reporting |
| Use of loaded / emotional language | Low |
| Target Audience | Elite / Policymakers / Corporate Executives |
BusinessWorld History
Founded in 1967 by Raul Locsin as Business Day, it was the first business daily in Southeast Asia. It transitioned to BusinessWorld in 1987. The publication has established itself as a premier source for Philippine economic news, surviving various political eras while maintaining a focus on financial journalism.
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Who owns BusinessWorld?
The publication is owned by MediaQuest Holdings, Inc., a subsidiary of the PLDT Beneficial Trust Fund chaired by Manuel V. Pangilinan. In 2013, The Philippine Star acquired a majority stake in BusinessWorld, integrating it into one of the country's largest media conglomerates, the Philstar Media Group.