PBBM awards P44M to Paris Olympics athletes

President Ferdinand "Bongbong" Marcos Jr. awarded P1 million each to the 22 Filipino athletes who competed in the 2024 Paris Olympics, totaling P22 million from the Office of the President.

This P22 million incentive from the President's office matches pledges from the Philippine Amusement and Gaming Corporation (PAGCOR), with a total of P44 million awarded to the athletes.

Double Olympic gold medalist Carlos Yulo received an additional P20 million, matching his incentives under Republic Act No. 10699, bringing his total to P40 million.

Bronze medalists Aira Cordero Villegas and Nesthy Alcayde Petecio each received an additional P2 million, bringing their individual totals to P4 million.

The coaching staff also received P500,000 each from the President's office.

Marcos acknowledged the athletes' sacrifices during a Heroes Welcome Ceremony at Malacañang, emphasizing that Olympic qualification is a significant achievement.

These incentives are separate from those provided under the National Athletes and Coaches Benefits and Incentives Act, which offers P10 million for gold, P5 million for silver, and P2 million for bronze medals.

Team Philippines concluded the Paris Games with four medals: two golds and two bronzes.