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HomeSports and GamesDNX Sports | Diaz to receive P50M in prizes for gold win

DNX Sports | Diaz to receive P50M in prizes for gold win

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Hard work really does reap rewards.

Philippine’s current Golden Girl Hidilyn Diaz made history last Monday as the first Filipino to win a gold medal at the Olympics after ruling the women’s 55-kg weightlifting event at the 2020 Tokyo Olympics.

Given her triumph, she is expected a reward amounting to over P48 Million pesos and other incentives in kind including condominiums and a house and lot.

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Here are the list of incentives and rewards that await Diaz for bagging the country’s first Olympic gold:

From the government ₱10 million Cash incentive through Republic Act 10699 or the National Athletes and Coaches Benefits and Incentives Act, ₱2.5 million Cash incentive from the local government of Zamboanga City, Diaz’s hometown ₱3 million and a house and lot in Zamboanga as pledged by President Rodrigo Duterte, and an additional ₱ 5 million from the government via the Expanded Athletes Incentives Act or Republic Act (RA) 10699, that is apart from the P10 million she will receive from the Philippine Sports Commission (PSC).

Diaz will also receive P200,000 cash incentive from Angeles City Mayor Carmelo Lazatin Jr.

On top of that, Diaz will get P10 million each from tycoons Manny Pangilinan and Ramon Ang, P5 million from businessman Dennis Uy and free fuel for life from the Phoenix Petroleum, and P3 million from Deputy Speaker of the House Mikee Romero of 1-PACMAN Party-list.

Other rewards include a P4 Million house and lot from Century Properties, a P14 Million condominium unit in Eastwood, Quezon City from Megaworld Corporation, House and lot in Tagaytay Courtesy of Philippine Olympic Committee President Bambol Tolentino and a lifetime free flights from AirAsia and 80,000 free miles per year for life Philippine Airlines.

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darlwin sales
Darlwin Sales
Darlwin is a writer and correspondent for DNX. A promising budding journalist, he used to cover crime stories and now has expanded to feature stories about sports, culture, politics and life in general.

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