Saturday, November 17, 2018
Close  
  • share this

Siklab sparks athletes’ fire with cash bonuses

By: - Reporter / @junavINQ
/ 05:15 AM August 16, 2018

There’s a lot more waiting for Filipino athletes who perform well in the 18th Asian Games. For starters, a gold medalist will be P5 million richer.

The Siklab Atleta Pilipinas Sports Foundation has thrown an additional one million pesos to the pot awaiting Asian champions in the event that kicks off Saturday in Indonesia.

ADVERTISEMENT

“We want to help fuel the country’s dream of global recognition in sports,” said Siklab Atleta chair and Presidential Adviser on Sports Dennis Uy. “Through this incentive, we hope to motivate and inspire our athletes to excel and bring pride to our country.”

By law, the government, through the Philippine Sports Commission, already earmarks P2 million for gold medal winners in the Asiad while the POC has promised to fork P2 million for top Filipino performers.

FEATURED STORIES

“The additional cash incentive from Siklab Foundation will definitely motivate our athletes to work harder and bring home a medal from the Asian Games,” said PSC Chair Butch Ramirez.

Siklab Atleta Pilipinas is the first sports foundation of its kind, an initiative by the private sector to help the country’s quest for a first Olympic gold medal.

The foundation also offers cash bonuses for other medalists: Silver winners will get P500,000 and bronze finishers will receive P250,000.

Aside from providing cash incentives, Siklab Atleta Pilipinas will also use its pooled funds to provide the country’s best athletes their needs—from training equipment and facilities, coaching, international exposure, education, housing and livelihood programs.

Among those that have dumped cash into the pool are the country’s largest corporations such as SM Investments Corp., RFM Corp., Alaska Corp., Belle Resources, Tanduay Distillery, JG Summit, Megawide Construction, San Miguel Corp., PLDT, Phoenix Petroleum, 2GO, Megaworld, Robinsons Land and Piatco.

ADVERTISEMENT
Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: 18th Asian Games, Filipino athletes, Siklab Atleta Pilipinas Sports Foundation
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2018 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.