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Olympic double gold medalist Carlos Yulo will get a further P20 million from the Workplace of the President on high of the incentives he’s entitled to obtain below the regulation
MANILA, Philippines – Gymnastics star Carlos Yulo obtained a money windfall that the Philippines’ first Olympic double gold medalist deserves.
Yulo, 24, acquired rewarded P20 million from the Workplace of the President as he and the Philippines’ delegation to the Paris Olympics paid Ferdinand “Bongbong” Marcos Jr. a courtesy name on the Malacañang on Tuesday, August 13.
That’s on high of the incentives Yulo, who additionally accepted the Presidential Medal of Advantage, is entitled to get below Republic Act 10699 as he stands to pocket P10 million for every of his two gold medals.
Boxing bronze medalists Aira Villegas and Nesthy Petecio, in the meantime, scored P2 million apiece from the Workplace of the President along with the P2 million incentive they may every earn below the regulation.
Yulo, Villegas, and Petecio had been additionally granted an amity card from the Film and Tv Overview and Classification Board legitimate till June 2025 and journey tax exemption legitimate till June 2028.
The Workplace of the President gave the remainder of the 22-strong Crew Philippines P1 million apiece, with their coaches every getting P500,000.
“I assumed what we should always do is actually acknowledge all of the athletes. For an athlete – be it from the Philippines or wherever – to qualify for the Olympics isn’t a straightforward feat,” stated Marcos in a mixture of Filipino and English.
“That’s an especially troublesome achievement to have managed.”
Marcos acknowledged that the rewards aren’t sufficient to compensate for the hardships the Philippines’ newest set of Olympians have undergone.
“I apologize whether it is only a small quantity. I do know that P1 million is small if you happen to evaluate it to your sacrifice and the experiences you went by. However for now, that is what we’ll do,” stated Marcos.
Celebrating its a hundredth 12 months of Olympic participation, the Philippines loved its all-time finest marketing campaign because it received a number of gold medals in a single version for the primary time and matched its greatest medal haul in historical past.
The Philippines completed tied with Hong Kong for thirty seventh place within the medal tally for its highest Olympic rating since 1964 and emerged because the finest performing Southeast Asian nation.
Marcos stated he desires to help the event of Philippine sports activities.
“If you happen to can take into account that every one of those athletes who’ve performed so properly and have made us so proud, there isn’t a official technical assist from the federal government. They did it on their very own,” stated Marcos.
“After all they get assist. Typically, the federal government helps, however there isn’t a formal construction to assist our athletes and that’s what we’re going to determine now.”
“I ask all of you to inform us what’s it that you simply want.” – Rappler.com
