President Rodrigo Duterte on Monday handed over cash rewards and other incentives to Filipino athletes who brought home medals from the 2020 Tokyo Olympics.
At Malacañang, the Chief Executive gave Filipina weightlifter Hidilyn Diaz P10 million for winning the country's first gold medal.
This cash reward is mandated under the Republic Act 10699 or the “National Athletes and Coaches Benefits and Incentives Act."
Aside from this reward, Diaz also received a P3 million cash incentive from the Office of the President, P5 million from Philippine Amusement and Gaming Corporation and Philippine Sports Commission, and a housing unit from the National Housing Authority.
Silver medalist Nesthy Petecio also received P5 million, which is required under the law, an additional P2 million from the Office of the President, and a housing unit.
Carlo Paalam also received P5 million for winning the silver medal in the men's flyweight division. He also got an additional P2 million from the President as well as a housing unit.
Apart from the P2 million cash incentive required under the law, Eumir Marcial also received an additional P1 million for bagging the bronze medal at the men’s middleweight division.
Meanwhile, Mansueto "Onyok" Velasco Jr., silver medalist for boxing in the 1996 Summer Olympics, received a P500,000 cash incentive from the Office of the President. — DVM, GMA News