Matatanggap na premyo ni two-time Olympic gold medalist Carlos Yulo, nadagdagan pa
Matatanggap na premyo ni two-time Olympic gold medalist Carlos Yulo, nadagdagan pa
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00:00Carlos Yulo will receive an Olympic Gymnast Award
00:04and will receive two gold medals in the Paris Olympics.
00:08Yulo will also receive a Php 20,000,000 cash incentive
00:13from the Philippine Amusement and Gaming Corporation
00:17under the Republic Act 10699
00:19or the National Athletes, Coaches, and Trainers Benefits and Incentives Act.
00:24The prize will come from their National Sports Development Fund.
00:29Coach Aldrin Castaneda will also receive a Php 10,000,000 incentive
00:34which is equivalent to half of the total prize money.
00:38According to PAGCOR Chairperson Alejandro Tengco,
00:41there is no tax deduction for the prizes given to the Olympic winners.
00:45Some of the first recipients of the prizes are
00:48House and Lot from Tagaytay from the Philippine Sports Commission,
00:52Php 6,000,000 from the House of Representatives,
00:55Php 2,000,000 from Manila Mayor Hani Lacuna,
00:58as well as those from the private sector.