The Philippine Olympic Committee (POC) and the Philippine Sports Commission (PSC) have once again brought happiness to Filipino medalists for their cash bonuses for a commendable result at the recent 31st Southeast Asian (SEA) Games in Hanoi, Vietnam.
POC President Abraham “Bumblebee” Talentino will honor the medalists at the top of the announcement of the release of their financial awards from the local Olympic organization during its general session on Monday at the Knights Templar Hotel in Tagaytay.
PSC chairman William Ramirez, meanwhile, said formal notices had been sent to various national sports bodies (NSAs) whose athletes set foot on stage during the Games for a courtesy call in Malakanang on Tuesday.
For the third and final time, President Duterte will personally honor the athletes and coaches who have contributed to the Philippines’ finishing at the SEA Games abroad for nearly four decades and distribute more than P40 million in cash incentives from the government.
Carlos Yulo, a gymnastics star, is the richest man in the group, having won five gold and one silver medal.
“Top of the agenda is to honor our Filipino athletes who have competed in the Vietnam SEA Games. The country may have given up the overall championship, but our athletes were a ‘fighting team’ in Vietnam, “said Talentino.
Team Philippines is in fourth place with 52 gold, 70 silver and 105 bronze medals in 11 races. It was the best finish in the country since not hosting the Games or finishing second in the 1983 SEA Games in Singapore.
The PSC will shell out cash bonuses paid by law under Republic Act 10699, otherwise known as the National Athlete and Coach Incentives and Benefits Act, which rewards an athlete for each gold medal worth P300,000 silver and bronze P60 per P60. 000.
In addition to these financial rewards from the government and the POC, it is no secret that Mr. Duterte, by tradition, provides a separate cash bonus for medal-winning athletes from the President’s Office.
“I congratulate our athletes for their good work. It was a good finish. This motivation motivates our athletes to work harder and perform better in international competitions, “said Ramirez.
Vietnam reigned supreme in the Games with a collection of 205 gold medals, 125 silver and 116 bronze, accounting for 40 percent of the 522 events spanning 40 games. Thailand is a distant second place (92-103-136) and Indonesia is third (69-91-81).
“We are hopeful that when the 32nd SEA Games are held in Cambodia in May 2023, our athletes will be in gold medal form,” Talentino added.
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