The Araneta Wealth

Stella Marquez Araneta is currently making headlines in the Philippines and not in a good way. See related post here.

From Filipino designers to Twitter users, it seems that many are expressing their disappointment – ok anger – with her. Will the angry netizens speak with their wallets though? Stella had married into one of the Philippines’ wealthiest families. The Aranetas are involved in many businesses in the country.

She didn’t end up as a trophy wife. She is actually now the second most famous Araneta. The most famous being the inanimate Araneta Coliseum. Stella during her wedding to Jorge Araneta. Image from Alo Magazine

 

A view of the Araneta Center’s most famous landmark, the Araneta Coliseum. The coliseum hosted the Thrilla in Manila, the 1975 boxing match between Muhammad Ali and Joe Frazier. Image from Ramon FVelasquez

 

Aside from the Araneta Coliseum, which is part of the 35 hectare Araneta Center complex, what are the other business holdings of the Aranetas? Continue reading The Araneta Wealth

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Outsourcing Gone Too Far? The Miss Philippines National Costume Drama

Outsourcing is big business. The industry is currently estimated to be worth hundreds of billions of dollars.  Companies in countries with high costs will outsource some of their processes in countries where labor and materials are cheaper yet dependable.

But are there limits to what can or cannot be outsourced to another country? Can goods/ services of national and cultural importance be outsourced to foreign entities?

Those questions have been part of a hot topic recently in the Philippines. During the national costume presentation at the Miss Universe pageant in Doral Forida, Miss Phlippines, Mary Jean Lastimosa, wore a national costume that drew mostly negative comments on the internet.

The internet asked “What the hell was that?” Miss Philippines Mary Jean Lastimosa’s national costume for the Miss Universe pageant in Doral. Image from Jory Rivera/ OPMB worldwide

 

Some compared her dress to a wedding cake. Some compared her outfit to a multi-flavored ice cream combo. Some compared her outfit to a float filled with flowers. On a more serious note, many questioned the relevance of her outfit to Filipino culture.  Continue reading Outsourcing Gone Too Far? The Miss Philippines National Costume Drama