Edgar 'Injap' Sia II, now CEO of MerryMart and DoubleDragon, says any business, like a tree, needs a good foundation, and that crises present an opportunity to learn and become resilient
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LESSONS. A screenshot of a digital copy of Injap Sia’s ‘Life Principles’ bought by Rappler, published by Summit Media in 2017. Sia used nature to explain this lesson, as MerryMart’s revenues grew 18% to P6.3 billion in 2023 from P5.3 billion in 2022. Net income, however, fell from P574 million in 2022 to P408 million in 2023.
What are the elements of a strong foundation? Sia listed four: solid infrastructure, efficient processes, skilled workforce, and innovative strategies. In a disclosure last April 15, Sia said half of the years since DoubleDragon was listed on the Philippine Stock Exchange in 2014 were characterized by crises, such as the COVID-19 pandemic, but his company weathered them.“The DD team has continuously poured the necessary hard work, careful planning, and grit to passionately execute its set goals.
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