Connect with us

Hi, what are you looking for?

Tiebreaker Times

2020 Tokyo Olympics

Malacañang adds P100K to Team Pilipinas’ allowance in Tokyo


The Malacañang Palace has announced that President Rodrigo Duterte has approved an additional P100,000 games allowance to all 19 Tokyo Olympians and 6 Paralympians as a token and a celebration of the achievement of the athletes qualified for the Olympics and Paralympics. 

Philippine Sports Commission Chairman Butch Ramirez feels elated on this development. He declared that “our athletes deserve this additional show of support”; adding, “thank you President Duterte sa lagi niyong suporta sa ating mga atleta.”

The additional support received approval upon the recommendation of Senate Committee on Sports Chairman Senator Bong Go and the PSC.

This is on top of the previously-approved $1000 allowance from the PSC.

Ramirez highlighted the support of the government in our Olympians’ preparation for the Summer Games The sports agency has spent over P2 Billion for foreign exposures, allowances, equipment, venues and supplies of the national team since 2016.

“We can see the sincere care of the President for our athletes, grassroots to elite ito.

“He is the only president who never missed any Palarong Pambansa; consistently recognized the achievements of our athletes by always inviting them to the Palace; and sacrificed standing for three straight hours to award the incentives of our elite athletes,” explained the sports chief.

By virtue of RA 10699 or the expanded incentives act, an Olympic medalist stands to receive from the national government 10-million, five-million and two-million for a gold, silver, or bronze finish respectively. Paralympic medalists shall get P5 million, 2.5-million, and one-million for gold, silver, or bronze wins.

#ReadMore  Abueva, Alaska humbled after TNT loss
Written By


You May Also Like

Boxing

Two-time Olympic boxing medalist Nesthy Petecio showed her support for some friends by attending the 2024-25 Premier Volleyball League All-Filipino Conference’s thrilling doubleheader at...

Gymnastics

Former Ilocos Sur governor Chavit Singson has taken a significant step to promote love and forgiveness within the Yulo family, amid ongoing tensions. Singson...

News

Patrick “Pato” Gregorio is set to assume the position of chairman of the Philippine Sports Commission (PSC), marking a new era in the agency...

2024 Summer Olympics

Chooks-to-Go and Bounty, proud supporters of Philippine sports, honored their commitment to sports excellence on Friday, August 23, by awarding a P3-million incentive to...

2024 Summer Olympics

Smart has honored Filipino Olympians Carlos Yulo, Nesthy Petecio, and Aira Villegas – along with their coaches and staff – with a total of...

2024 Summer Olympics

The PBA gave due recognition to the athletes that represented the Philippines in the recent Paris Olympics as part of its Season 49 opener...

2024 Summer Olympics

In a tribute fitting for a king, Carlos Yulo, the nation’s golden hero, has been showered with rewards and accolades that surpass even the...

2024 Summer Olympics

In a momentous recognition of athletic excellence, President Ferdinand R. Marcos Jr. has announced an additional P20 million reward for Carlos Yulo, following the...

Advertisement