POC, MVPSF to hand out P12.4-M incentive to SEAG medalists

By Ivan Stewart Saldajeno

June 1, 2023, 6:33 pm

<p>Gymnastics star Carlos Yulo <em>(Contributed photo)</em></p>

Gymnastics star Carlos Yulo (Contributed photo)

MANILA – A total of PHP12.4 million is set to be given by the Philippine Olympic Committee (POC) to the medalists of the recently concluded Southeast Asian Games.

Of the total bonus, PHP7.2 million comes from the Manuel V. Pangilinan Sports Foundation (MVPSF), and the other PHP5.2 million from POC funds.

“The amount is from the generosity of Manny V. Pangilinan through the efforts of [MVPSF president] Al Panlilio,” Tolentino said.

Panlilio is also POC's first vice president.

Under the incentive program, gold medalists will receive PHP100,000 if they're individual medalists, PHP50,000 each if they played as pairs or relay teams, and PHP30,000 each for team sports squads.

For silver medalists, PHP50,000 will be given to individuals and PHP30,000 to doubles and relay teams, while bronze medalists will get PHP30,000 and PHP10,000, respectively, for individuals and teams.

Gymnast Caloy Yulo gets a lion's share of the cash bonuses as he will receive PHP270,000 in total for winning two golds and two silvers.

He won it all in the men’s individual all-around and parallel bars while winning silvers in rings and the team all-around.

Swimmer Jasmine Alkhaldi is the most bemedalled Filipino athlete during the biennial meet with six medals -- three silvers and two bronzes -- and she will receive PHP240,000 from the POC.

The POC bonuses are separate from the incentives the medalists would get from the national government through the Philippine Sports Commission. (PNA)