Nesthy Petecio

LIST: Nesthy Petecio punches way to millions with Olympic silver

Delfin Dioquino
LIST: Nesthy Petecio punches way to millions with Olympic silver

ELITE COMPANY. Nesthy Petecio matches the Philippines' highest Olympic finish in boxing with a silver medal.

Luis Robayo/Reuters

(3rd UPDATE) Millions worth of incentives await Nesthy Petecio after bagging a silver in the Tokyo Games and becoming the first Filipina Olympic boxing medalist

Nesthy Petecio will reap the rewards of her success as she is set to receive millions after becoming the first Filipina Olympic boxing medalist when she bagged a silver in the Tokyo Games.

Petecio matched the Philippines’ highest Olympic finish in the sport, joining fellow Olympic boxing silver medalists Anthony Villanueva (1964 Tokyo) and Mansueto “Onyok” Velasco (1996 Atlanta).

As of Tuesday, August 24, Petecio has been promised to get P24.5 million in cash from the government and business tycoons alongside other rewards like residential properties and free flights.

Here are the list of her incentives:

Cash incentives
  • P5 million – Under Republic Act 10699 or the National Athletes and Coaches Benefits and Incentives Act, Olympic silver medalists shall be given P5 million
  • P5 million – Sports patron Manny Pangilinan pledged P5 million for an Olympic silver through the MVP Sports Foundation
  • P5 million – San Miguel Corporation honcho Ramon Ang vowed to give Filipino Olympic silver medalists P5 million
  • P3 million – Phoenix Petroleum added P3 million for Filipino silver medalists through its Siklab Atleta Pilipinas Foundation
  • P2 million – President Rodrigo Duterte will grant Petecio P2 million
  • P2 million – House Deputy Speaker Mikee Romero committed P2 million for an Olympic silver
  • P2 million – The Philippine Olympic Committee pledged P2 million for an Olympic silver
  • P500,000 – Senators donated P100,000 each for the chamber’s cash prizes for the four Filipino medalists in Tokyo and gave Petecio P500,000 for winning silver
Other rewards
  • Condominium unit in Davao City from Megaworld Corporation
  • House and lot in Candelaria, Quezon from Ovialand
  • House and lot in Tagaytay from Philippine Olympic Committee president Bambol Tolentino
  • Unlimited flights for five years from AirAsia
  • Free 60,000 miles per year for life from Philippine Airlines
  • Twenty-five free flights from Cebu Pacific Air
  • P1.4 million worth of products to be shared with eight other Filipino female Olympians in Tokyo from L’Oreal Group
  • Nestea products for her hometown of Santa Cruz, Davao del Sur and her chosen non-government organization
  • Free meals, milk tea for life from several shops

– Rappler.com

Delfin Dioquino

Delfin Dioquino dreamt of being a PBA player, but he did not have the skills to make it. So he pursued the next best thing to being an athlete – to write about them. He took up journalism at the University of Santo Tomas and joined Rappler as soon as he graduated in 2017.