The Daily Tribune
Marcos doubles Olympians’ cash windfall
President Ferdinand Marcos Jr. honored Filipino athletes and coaches who participated in the 2024 Paris Olympics, doubling their cash incentives.
Gymnastics star Carlos Yulo, a two-time gold medalist, received P20 million and the Presidential Medal of Merit.
Boxing bronze medalists Aira Villegas and Nesthy Petecio each received P2 million.
These amounts are on top of the incentives mandated by Republic Act 10699.
Other Olympians received P1 million each, with their coaches receiving P500,000 each.
President Marcos expressed gratitude for the athletes' achievements and acknowledged that the incentives might seem small compared to their sacrifices.
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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.
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Filipino gymnast Carlos Yulo was awarded a P14 million incentive from the House of Representatives for his stellar performance at the 2024 Paris Olympics, where he secured two gold medals.
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President Ferdinand Marcos Jr. will honor Filipino Olympians, including gymnastics hero Carlos Yulo and boxing medalists Nesthy Petecio and Aira Villegas, upon their arrival from the Paris Olympics.
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Carlos Yulo's coach, Allen Castañeda, described winning two Olympic gold medals as hitting the "jackpot."
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President Ferdinand "Bongbong" Marcos Jr. lauded Filipino athletes for their significant recognition of the Philippines on the global stage during the 2024 Paris Olympics.
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