Connect with us

Hi, what are you looking for?

Tiebreaker Times
Photo from Tokyo 2020

2020 Tokyo Olympics

PSC gives Hidilyn Diaz add’l P5M for breaking two Olympic marks


Hidilyn Diaz’s cash incentives keep increasing by the day.

The Philippine Sports Commission has announced that it will be releasing an additional P5-million in cash incentives to the country’s first-ever Olympic gold medalist after breaking two records in the minus-55 kilogram category.

Diaz lifted her winning 127 kg in the clean and jerk, which brought her total to 224 kg — both of which are records.

Under Republic Act 10699 or the expanded incentives act, national athletes and other athletes who surpass Philippine record or ranking in any measurable international sports competition shall receive cash incentives, of which the PSC will determine the amount.

PSC officer-in-charge Commissioner Celia Kiram confirmed that the additional incentive already has approval and signature, and is ready for release.

This increases Diaz’s cash incentives to P48.7-million.

The government will release P10-million for winning gold, P2.5-million from Zamboanga, and P3-million from President Rodrigo Duterte.

The MVP Sports Foundation and the San Miguel Corporation will be giving Diaz P10-million each. Meanwhile, Siklab Pilipinas and deputy speaker Mikee Romero will also give P5-million and P3-million, respectively. On the other hand, Angeles City Mayor also gave P200,000.

The Bureau of Internal Revenue has assured Diaz that she won’t be taxed for the incentives she receives.

#ReadMore  Hamed Haddadi, Nikkah Bahrami out of Iran lineup
Written By


You May Also Like

19th Asian Games

Hidilyn Diaz’s quest for a medal at the 19th Asian Games came tantalizingly close but ultimately ended in fourth place in the women’s 59kg...

2024 Summer Olympics

Hidilyn Diaz stayed on pace in the Olympics race in the women’s under-59 kg category with a seventh-place finish overall in the 2023 World...

CSB

It’s never too late to earn a degree. Just ask Hidilyn Diaz. The country’s first and only Olympic gold medalist received her bachelor’s degree...

News

Hidilyn Diaz had an impressive debut in the women’s under-59 kg category at the 2023 Asian Weightlifting Championships at the Jinju Arena in South...

News

In a night of celebration, the San Miguel Corporation-Philippine Sportswriters Association (SMC-PSA) Annual Awards Night will gather the best and brightest of the past...

News

She’s a woman of many firsts. Hidilyn Diaz, 31, made history as the first Filipino athlete to win a gold medal in the Olympics....

News

Hidilyn Diaz is now a world champion. The current Olympic champion annexed the world title to her list of accolades after ruling the Women’s...

2021 SEA Games

The Golden Lady struck again. Hidilyn Diaz captured her second straight Southeast Asian Games gold after dominating the women’s minus-55 kg with a total...

Advertisement