Pres. Duterte gives cash incentives to Filipino medalists in Tokyo 2020 Olympics

Pres. Duterte gives cash incentives to Filipino medalists in Tokyo 2020 Olympics


The heroes of the 2020 Tokto Olympics have been formally acknowledged by President Rodrigo Roa Duterte in Malacanang.

Duterte gave Filipina weightlifter Hidilyn Diaz P10 million for winning the country's first gold medal.

The cash reward is mandated under the Republic Act 10699 or the “National Athletes and Coaches Benefits and Incentives Act."

(photo credit to owner)

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.

National boxers, 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.

(photo credit to owner)

Cagayan De Oro’s pride 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.

Also in the event was the formal recognition and release of  the P500,000 incentive to 1996 Atlanta silver medalist Mansueto "Onyok" Velasco Jr. from the Office of the President.



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