By J. Jala | 04:29 PM July 27, 2021
After making history as the first Filipino Olympic gold medalist, Hidilyn Diaz is set to receive P33 million worth of incentives
following her epic triumph in the Tokyo Olympics.
According to the Philippine Sports Commission (PSC)’s incentive system (RA 10699), an Olympic gold is worth P10 million and Diaz is the first Filipino athlete to pocket that amount from the country’s government sports agency.
Diaz ended the Philippines’ long wait for an Olympic gold medal on Tuesday night when she lifted a combined 224kg — an Olympic record — in the women’s 55kg division.
The 30-year-old weightlifter from Zamboanga became the first Filipina double Olympic medalist after her 2016 Rio Olympic silver medal conquest.
Philippine Olympic Committee (POC) president Abraham “Bambol” Tolentino also dangled a house and lot for every athlete who will win the gold.
The MVP Sports Foundation (MVPSF) will also give her an additional P10 million, as promised by sports patron and businessman Manny V. Pangilinan. Business tycon Ramon Ang will give P10 million and Deputy Speaker of the House Mikee Romero will give P3 million.
She will also get P5 million from Dennis Uy’s Phoenix Petroleum plus free fuel for life; a house and lot from Century Properties worth P4 million.
And on Tuesday, Megaworld Corp. announced that it is giving a residential condominium unit in Eastwood City to Diaz, in acknowledgement of her feat.
“The epic moment is about 97 years in the making,” Megaworld chief strategy officer Kevin L. Tan said of Diaz’s golden achievement.
“This is our way of saying thanks to Hidilyn for making us all proud,” he added.
Meanwhile, an Olympic silver is worth P17 million and a bronze is at P7 million.
