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Yulo, Petecio to get P1M cash reward


Olympic qualifier and gymnastic world champion Carlos Edriel Yulo and boxers Nesthy Petecio and Eumir Marcial will receive cash rewards for their recent stellar victories on the world stage.

GOLDEN Carlos Edriel Yulo shows top form on the way to clinching the men’s floor exerise gold medal at the 49th FIG Artistic Gymnastics World Championships at the Hans Schleyer Halle in Stuttgart, Germany. AFP PHOTO

The 19-year-old Yulo will get a P1-million cash incentive after a historic finish in the 49th FIG Artistic Gymnastics World Championship in Stuttgart, Germany.

Under Republic Act 10699, or the “Expanded Incentives Act,” he will receive P500,000 for qualifying to the 2020 Tokyo Olympics.

The Philippine Sports Commission (PSC) has also pledged P500,000 as an additional monetary reward for Yulo for being the first Filipino gymnastic world champion.

“Hindi basta-basta ang ginawa niyang performance (What he did was no simple feat),” PSC Chairman William Ramirez said on Monday.

Yulo bagged the gold medal in the floor exercise finals after compiling a total of 15.300 points.

Petecio also won the gold medal in the Association Internationale de Boxe Amateur World Women’s Boxing Championships in Russia.

She will also receive P1 million in cash.

On the other hand, Marcial, who won a silver medal at the 2019 AIBA Boxing World Championships, will get P500,000.

Another Tokyo Olympic qualifier, pole vaulter Ernest John Obiena, will receive P250,000
from the PSC.

Malacañang congratulated the gold medalists.

“We’re always proud every time a Filipino wins, even a bronze or silver medal,” Palace spokesman Salvador Panelo said in a press conference.

“Isa lang ang ibig sabihin noon: talagang magaling tayo (It only means one thing: we are really exceptional),” he added.


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Today’s Front Page February 21, 2020

Today’s Front Page February 21, 2020