A business day is considered every official working day of the week. Another common term is working day. Typically, these are the days between and including Monday
to Friday and do not include public holidays and weekends.
The definition of a business day varies by region. It depends on the local workweek which is dictated by local customs, religions, and business operations. For example, in the United States and much of the Western world, they are typically Monday to Friday. Within the European Union, the normal business days are Monday to Friday based on the working time regulation of the EU.
Business days are commonly used by couriers when determining the arrival date of a package. If a courier ships a parcel on a Thursday that will be delivered in "two business days", it will arrive on the following Tuesday if neither Friday nor Monday are a holiday.
In finance, how business days are defined are called "business day conventions" and determine how payments are settled on contracts such as interest rate swaps.
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.