On July 20, President Ferdinand “Bongbong” Marcos Jr. will personally hand out cash incentives to over 500 national athletes at the Malacañang Palace.
This gesture acknowledges their exceptional achievements at the 32nd Southeast Asian Games (SEAG) and 12th ASEAN Para Games (APG) recently held in Cambodia.
“We appreciate President Marcos’ decision to personally reward Team Philippines, which demonstrates his admiration for our national athletes and their unwavering passion and commitment to representing our country,” said Richard Bachmann, Chairman of the Philippine Sports Commission (PSC).
As stipulated in Republic Act 10699, or the Expanded National Athletes and Coaches Incentives and Benefits Act, the PSC will allocate approximately P60 million for the SEAG medalists and P14 million for the APG medalists in cash bonuses.
According to the law, SEA Games gold medalists will receive P300,000, silver medalists will receive P150,000, and bronze medalists will receive P60,000.
(ai/mnm)
