Edgar Sia | |
---|---|
Born | Edgar "Injap" Jaruda Sia II 9 January 1977 Iloilo City, Philippines |
Education | University of San Agustin |
Occupation | Property developer |
Known for | Founder of Mang Inasal Chairman, CEO, and Director of Double Dragon Philippines, Inc. Chairman and CEO of Injap Investments Inc. [1] |
Spouse | Shella Sia |
Children | 3 |
Edgar "Injap" Jaruda Sia II (born 9 January 1977) is a Filipino businessman. He is the chairman of DoubleDragon Properties (a joint business venture with Tony Tan Caktiong), and the founder of the Mang Inasal fast food restaurant chain. [2]
In 2011, Sia became the youngest billionaire in the Philippines at the age of 34 after selling his 70% stake in Mang Inasal to Jollibee. [3] [4] [5] As of September 2021, his net worth was estimated at US$675 million. [2]
Sia was born in Iloilo City in 1977 and grew up in Roxas City, the eldest of three siblings having parents from both Capiz and Iloilo. [6] He was nicknamed "Injap", a portmanteau of "Intsik" (the Filipino/Tagalog term for Chinese) and "Japanese"; as his father, Edgar Sr., is a Chinese Filipino, while his mother, the former Pacita Jaruda, is a Japanese Filipina (Japanese surname Haruda, 春田). [7] [8]
Sia had planned to become an architect, but dropped out of the University of San Agustin to start a business. [5] [2]
Sia began his business career with People’s Hotel, a business hotel in Iloilo City, which was established in 1997. [9] He then co-founded the barbecue chain Mang Inasal in Robinsons Iloilo Carpark building in 2003. [5] [2] Within seven years, Mang Inasal expanded to 338 branches nationwide, before being acquired by Jollibee in 2010. [6]
In 2009, Sia founded Injap Land Corporation (now DoubleDragon Properties Corporation), developer of CityMall chain of malls. [6]
In 2014, DoubleDragon Properties became a public company. [2] DoubleDragon has been developing commercial and residential properties and reportedly plans to build 100 malls by 2020. [2]
In August 2016, the company announced it was acquiring a majority stake in Hotel of Asia, Inc. [2]
Edgar Sia is married to Shella Sia, and they have three children Edgar Sia III, John Henry Sia and Elisa Stephanie Sia. [10] They live in Manila, Philippines but still maintain homes in Capiz and Iloilo. [2]
Jollibee is a Filipino chain of fast food restaurants owned by Jollibee Foods Corporation (JFC) which serves as its flagship brand. Established in 1978 by Tony Tan Caktiong, it is the Philippines' top fast food restaurant and is among the world's fastest growing restaurants, expanding its international presence from 2014 to 2024 almost sixfold. As of January 2024, there were over 1,668 Jollibee fast-food branches across 17 countries, with restaurants in Southeast Asia, East Asia, the Middle East, North America, and Europe. Jollibee is best known for its bestselling item, the Chickenjoy.
Roxas, officially the City of Roxas, is a 3rd class component city and capital of the province of Capiz, Philippines. According to the 2020 census, it has a population of 179,292 people, making it the most populous city in Capiz and also the second-most populous city in Western Visayas, after Iloilo City.
The University of San Agustin – Iloilo, also known as UniSAg or San Ag, is a private Roman Catholic institution in Iloilo City, Philippines. It is operated by the Augustinian Province of Santo Niño de Cebu, Philippines, belonging to the Order of Saint Augustine. Founded in July 1904, it started as a school for boys with 40 students. In 1917, it became Colegio de San Agustin and later achieved university status in March 1953, becoming the first university in Western Visayas and the first Augustinian university in the Asia-Pacific region.
Tony Tan Caktiong, is a Filipino businessman and investor. He is the founder and chairman of Jollibee Foods Corporation, and the co-chairman of DoubleDragon Properties. Forbes listed him as the fifth richest person in the Philippines in 2023, with an estimated net worth of US$3.2 billion.
SM Investments Corporation (SMIC), also known as SM Group, is a Filipino conglomerate with interests in various sectors, mostly in shopping mall development and management, retail, real estate development, banking, and tourism. Founded by Henry Sy, it has become one of the largest conglomerates in the Philippines, being the country's dominant player in retail with 208 stores nationwide. Of these, 47 are SM Department Stores; 38 are SM Supermarkets; 37 are SM Hypermarkets, and 86 are SaveMore branches.
Jaro is a district in Iloilo City, Philippines, located in Iloilo province, on Panay Island in the Western Visayas region. It is the largest district in terms of both geographical area and population, with 130,700 people according to the 2020 census. It is the seat of the Roman Catholic Archdiocese of Jaro, which encompasses the provinces of Iloilo, Guimaras, Antique, and Negros Occidental, as well as the center of the Candelaria devotion in the Philippines.
JG Summit Holdings, Inc. (JGSHI) is one of the largest conglomerates in the Philippines with business interests in air transportation, banking, food manufacturing, hotels, petrochemicals, power generation, publishing, real estate and property development, and telecommunications. Key subsidiaries include Universal Robina and Cebu Pacific. Incorporated in November 1990, JG Summit Holdings was founded by John Gokongwei Jr., one of the wealthiest individuals in Southeast Asia. In 2010, JGSHI was one of the ten most profitable companies on the Philippine Stock Exchange.
Mang Inasal Philippines, Inc., or simply Mang Inasal, is a barbecue fast food restaurant chain in the Philippines established on December 12, 2003, in Iloilo City. It is one of the most popular fast food chains in the Philippines, known for serving chicken inasal and for introducing unli-rice to Philippine restaurant culture.
Hua Siong College of Iloilo or HSCI, commonly referred to as Hua Siong, is a private college located Iloilo City, Philippines. Founded by the Filipino Chinese Chamber of Commerce of Iloilo as a preparatory school in 1912, it is the first Chinese school outside of Manila.
NE Pacific Mall is a shopping mall located along Maharlika Highway in Brgy. Hermogenes Concepcion, Cabanatuan, Nueva Ecija, Philippines. It was developed by Landco Pacific Corporation and was managed by the NE Group of Companies which also developed the Lakewood City Golf Course and Residential Complex and NE Mall both located in the city.
Chicken inasal, commonly known simply as inasal, is a variant of the Filipino chicken dish known as lechon manok. Chicken inasal is a grilled chicken part, typically the breast (Pecho) or leg (Paa), while a lechon manok is a stuffed whole chicken. It is chicken marinated in a mixture of calamansi, pepper, coconut vinegar and annatto, then grilled over hot coals while basted with the marinade. It is served with rice, calamansi, soy sauce, chicken oil and vinegar.
Jollibee Foods Corporation is a Philippine multinational company headquartered in Pasig, Metro Manila, Philippines. JFC is the owner of the fast food brand Jollibee.
Uniwide Sales, Inc. was a retail operator in Metro Manila, Philippines. It was incorporated in January 1975 by Chinese Filipino entrepreneur Jimmy Gow to operate Uniwide commercial shopping centers, such as leasing commercial spaces within the compound of their malls and department stores.
Galleria Zamboanga, Inc. is a major retail company based in Zamboanga City, Philippines. The company took its name from the defunct shopping arcade where Southway Square presently stands. Their businesses include supermarket, retail, and food.
CityMall Commercial Centers, Inc., simply known as CityMall, is a Philippine community shopping mall chain formed as a subsidiary of DoubleDragon Properties. As of 2023, it has 43 branches across the Philippines.
The Capiznons are a Visayan ethnic group native to Capiz and the surrounding areas of the Western Visayas region of the Philippines. They speak Capiceño, a Visayan language. According to Spanish era tribute-censuses Spanish-Filipinos compose 1% of the Capiznon people's population.
Injap Tower Hotel is a 21-storey residential building and hotel located in Sen. Benigno Aquino Jr. Avenue, Mandurriao, Iloilo City in front of SM City Iloilo. Since its completion in 2013, it has been the tallest building in Iloilo City until 2018, when it was dethroned by the nearby 18-storey high-rise twin tower, SM Strata Tower, which is just 9 meters taller. Injap Tower was also the tallest building in the Western Visayas region for the same years. It is the region's tallest hotel, and currently the fourth tallest building in Iloilo.
DoubleDragon Corporation, formerly Injap Land Corporation and DoubleDragon Properties Corporation, is a Philippine real estate development company based in Pasay City, Metro Manila, Philippines. It was founded in 2009 as a subsidiary of Injap Investments, Inc in Iloilo City. In 2012, the company became a joint venture between Injap Investments, Inc. and Honeystar Holdings Corporation.
Seda is a Philippine brand of hotels owned and operated by Ayala Land Hotels and Resorts, a subsidiary of Ayala Corporation. The first hotel under the Seda brand began operations in 2012 with the opening of Seda BGC at the Bonifacio Global City in Taguig, Metro Manila, Philippines. The hotel chain has 11 branches as of 2020, all located in the Philippines.