Nesthy Petecio set to receive at least P17M for Tokyo boxing silver
MANILA, Philippines — Nesthy Petecio may have fallen short in her bid to win the Olympic gold, but there won’t be any shortage as far as her incentives go for her silver medal finish at the Tokyo Games.
The Filipino boxing star is set to receive at least P17 million in cash incentives for placing second in the women’s featherweight final on Tuesday.
Petecio will receive P5 million as mandated by law through the Republic Act 10699 or the National Athletes, Coaches and Trainers Benefits and Incentives Act.
Business tycoons and sports patrons Manny V. Pangilinan, through the MVP Sports Foundation, and San Miguel Corporation president Ramon Ang, also pledged P5 million each for Olympic silver medalists.
In addition, a P2 million bounty has also been committed by House Deputy Speaker Mikee Romero for runner-ups.
Aside from the cash windfall, a P10-million condominium in Davao City will also be given to Petecio by billionaire real estate developer Andrew Tan. The condominium is about an hour away from Petecio’s hometown of Santa Cruz, Davao del Sur.
Petecio was also rewarded 60,000 Mabuhay Miles lifetime by Philippine Airlines and unlimited flights for five years from AirAsia.
But more than the prizes, Petecio has been etched in Olympic history and in Philippine sports as only the fourth Filipino win a silver medal in the Summer Games.
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