BIZ BUZZ: Injap Sia gives back to SSS
Almost three decades after tycoon Edgar “Injap” Sia II took out a corporate loan from the Social Security System (SSS) to help him build his empire, the businessman is giving back to the state pension fund that supported him.
In a landmark partnership, Sia’s DoubleDragon Corp. committed to fully subsidize the SSS contributions of 2,000 informal sector workers in his home region of Visayas.
And for that SSS President and CEO Robert Joseph Montes De Claro thanked Sia for heeding the call of SSS last January for government and businesses to support Filipino workers and their families through the SSS Contribution Subsidy Provider Program (CSPP).
“This SSS contribution subsidy will not only support the 2,000 recipients but will also benefit their extended families,” De Claro explained.
“It will provide these informal sector workers with the opportunity to join the SSS and gain access to its benefits.”
For Sia, it was his way of thanking the SSS for giving entrepreneurs like him “a chance to be able to pay it forward.”
