CASH incentives totaling P11.150 million from the Philippine Olympic Committee, through its dedicated partners, have been distributed to the 417 athletes who clinched medals–individual and team–in the Vietnam Southeast Asian Games last May, coming as a mid-year bonus.
“The medalists in Hanoi are in for a surprise,” POC President Rep. Abraham “Bambol” Tolentino said yesterday. “Most of these medalists may not know it yet, but once they check their LandBank accounts, they’ll find out about the bonuses from the POC.”
John Derick Farr was unaware that the POC–through Tolentino’s deputy secretary general for international events, Bones Floro–has deposited his P10,000 bonus for the bronze medal he clinched in cycling’s men’s downhill.
“I haven’t checked my bank account yet, but I’m thankful to the POC, especially Cong. Bambol, for the bonus,” said Farr, one of three cycling bronze medalists in the Vietnam SEA Games staged last May 12 to 23.
The MVP Sports Foundation of telco tycoon Manuel V. Pangilinan, San Miguel Corp. President and CEO Ramon S. Ang and Charlie Gonzales’s Ulticon Builders Inc. were the major benefactors of the bonuses which the POC, under Tolentino, has given to medalist athletes for the second time.
