Business News In The Philippines – Philippine newspapers have a rich history of resistance in the face of political reforms. The early magazines played a major role in the country’s independence movement. This is one of the reasons why Filipino journalists like Jose Rizal, Graciano Lopez Jaena, Mariano Ponce, Antonio Luna are considered heroes of the freedom movement. The Philippine revolution against Spain, which was a first by any Asian country against a Western colonial, is often credited to the aforementioned journalists.
Even today, the Philippine media is known for its free and lively approach. The island nation has learned from the best business, the Americans, to play a role of watchdog. Journalists here do not hesitate to take a conflicting stance against the ruling government.
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However, due to excessive freedom, some of the Philippine newspapers and websites have become uncontrollably exuberant in nature. Some of the Philippine newspapers and websites are also criticized for sensationalism and their over-reliance on advertising which causes a lack of ethics.
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Currently, the most widely read newspapers in the Philippines are Manila Bulletin, The Philippine Star, Philippine Daily Inquirer, Business Mirror and BusinessWorld.
Del Superior Govierno is the first Philippine newspaper established in 1811. The paper was edited by the Spanish Governor General. Since most of the readership included the local Spaniards, Del Superior Govierno mainly reported the news from Spain.
La Esperanza, founded in 1846, is the first Philippine daily, but it also served the Spanish elite. The Philippine daily newspaper mostly published on the non-controversial topics, such as religion, science and history.
Diario de Manila was another initial Filipino newspaper that quickly rose to prominence. However, the newspaper was suppressed by the Governor General despite having been in the publishing business for 38 years. The newspaper is said to have incited a Philippine revolution against the Spanish.
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In 1893, the first local publication El Ilocano emerged, followed by El Hogar – the first publication for and by Filipino women in the same year.
Today, a few prominent Filipino families and business houses own most of the newspapers and websites in the island nation. This is one of the reasons behind some reports claiming to serve as propaganda for one person or entity’s special interests.
Meanwhile, government policy for press freedom is managed by the Office of the President. The 1987 constitution has freedom of speech and freedom of the press well written and explained in it. In addition to all the praise for the government for respecting the freedom of the press in the Philippines, there has been occasional criticism for its failure to investigate the killings of journalists. The government has also been criticized for harassing journalists in the name of public surveillance.
According to the Reporters Without Borders (RSF), the Philippines was ranked 142nd on the fifth annual Worldwide Press Freedom Index in 2006. As many as 52 journalists were killed with many discussed under cases of legal harassment between 1986 and 2005.
Philippine Daily Inquirer
After telling you the history and importance of the Philippine media, here we present to you a list of widely read Philippine newspapers, news websites and news agencies. We tried to explain the origin, operations, status and popularity of these Philippine media entities among the Filipino readers.
In the first part of the article, we will describe all about the Philippine newspapers and websites that are popular in the Philippines and its neighboring countries.
ABS-CBN (Alto Broadcasting System and Chronicle Broadcasting Network) is a new media network from the Philippines. It is a flagship property of ABS-CBN Corporation, which is a company under the Lopez Group. ABS-CBN is headquartered at the ABS-CBN Broadcast Center in Quezon City.
The offices and production facilities span 25 major cities which include Baguio, Iloilo, Cebu, Naga, Bacolod and Davao. ABS-CBN boasts that it is the largest media company in terms of revenue, assets and international coverage in the Philippines. Interestingly, ABS-CBN is also colloquially referred to as the Kapamilya network.
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For the uninitiated, ABS-CBN is the first television broadcaster in Southeast Asia, besides being one of the oldest commercial TV broadcasters in the Asian continent.
ABS-CBN is the first television network in Southeast Asia to broadcast in color and the first in the Philippines to launch in high definition. It also became the first TV network of the country to launch a digital terrestrial television service.
On May 5, 2020, the National Telecommunications Commission (NTC) and Attorney General Jose Calida issued a cease and desist order to ABS-CBN. Earlier in February 2020, the NPC refused to renew the network’s franchise licence.
There was great uproar across the country over the NPC’s refusal. According to reports, there were allegations that NTC denied franchise license renewal due to his critical stories related to the administration of President Rodrigo Duterte.
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ABS-CBN has a website that “offers the latest Philippine news on politics, legislation, social, health, environment and government policies as well as updates from Metro Manila and regions”. It has various sections which include News, Business, Entertainment, Life, Sports, Overseas, Spotlight and Weather.
ABS-CBN also has a YouTube channel and one can subscribe to it for the latest videos. You can also download its app, available for both Android and iOS users.
Philippine Daily Inquirer is one of the most prominent daily newspapers of the island region. It was founded in 1985 with a fearless approach and commitment to the truth for the welfare of Filipino citizens.
The company has been in existence for 34 years now and employs more than 311 people. In 2020, Philippine Daily Inquirer claimed 1,979,000 as its recorded readership.
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Philippine Daily Inquirer was an influential newspaper in the region with a readership of over a million readers nationwide. The newspaper journalists exposed many people and reported on incidents that put their own lives at risk.
Catholic Mass Media Awards, Jaime Ongpin Awards for Investigative Journalism, Anvil Awards and WAN-IFRA Asia Media Awards are some of the most famous recognition of the Philippine Daily Inquirer. In total, the broadsheet has so far received more than 500 awards and citations.
The Philippine newspaper has four regional bureaus and employs more than 130 provincial correspondents across the country. The printing presses of Philippine Daily Inquirer are located in Laguna and Manila.
Philippine Daily Inquirer has a website inquirer.net which averages one million page views per day. The website represents all INQUIRER Group of Companies (IGC), such as Philippine Daily Inquirer, Hinge Inquirer Publications, Cebu Daily News, Inquirer LIBRE, Bandera, Inquirer Mobile, Print Town, DZIQ 990AM Radyo Inquirer, Delivery Access Group, and Inquirer Digital Outdoor Media .
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The 24/7 website reports breaking news related to politics, entertainment, sports, lifestyle, business and technology. In addition, the international stories relevant to all Filipinos are also covered by Inquirer.net.
The Inquirer group news website has a strong presence on various social media platforms and engages with the readers to continuously improve the content.
The Inquirer offers a free daily newsletter and news alert subscription to its registered users free of charge.
Bandera is a daily tabloid newspaper that publishes news in English and Tagalog, a language spoken by the Tagalog community of the Philippines. The newspaper is published by the Inquirer Publications, Inc. The editorial and business offices of Bandera are located at the Media Resources Plaza building, Mola cor. Pasong Tirad Street, La Paz, Makati City.
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Bandera comes with thirteen pages at a price of 10 pesos. The sensational tabloid content is also published on the Bandera news website which falls under the domain of Inquirer.net.
Bandera mostly covers news related to local and international events and publishes hard-hitting columns by prominent Filipino writers.
Cebu Daily News, also known as CDN, is a regional newspaper and has an online news portal operating under the domain of the Inquirer Group of Companies. The office of CDN is located at Kaohsiung St. cor. S. Osmena Road, North Recycling Area, Cebu City.
The Inquirer calls CDN Cebu’s Only Independent Newspaper and claims that it has “no politician owners or alliances”. The regional paper published its first issue on February 8, 1998.
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By 2010, CDN had claimed more than a dozen local, national and international awards for impressive journalism in its first 12 years.
GMA New Media, Inc. (or NMI), founded in 2000, is known for offering interactive applications in television, mobile, web, marketing and online gaming industries. Headquartered in Quezon City, Philippines, its parent company is GMA Network. Its subsidiaries include Philippine Entertainment Portal, X-Play Online Games, Inc., Media Merge Corporation and Digify.
Launched in 2007, GMA News Online was then called gmanews. The website bagged a few awards besides Best Website in the 9th Philippine Web Awards in the same year. GMA News Online is available for download on Android and iOS.
One can get alerts and notifications on smartphones or tablets as and when a breaking news is published. There are various sections like News, Sports, Lifestyle, Showbiz, SciTech and Opinion and one can access all the news related to these sections. One can also watch videos from GMA and GMA News TV, apart from listening to DZBB am radio which streams throughout the day.
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You can also share stories of your choice on social media platforms like Facebook and Twitter through the app.
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