The government of the Philippines will give P1M to Carlos Yulo (gymnast) and Nesthy Petecio (boxer) for winning the world championship. The 19 year old Carlos Yulo became the first Filipino gymnast who won the floor exercise in Gymnastic World Championship (FIG Artistic) which was held at Germany last saturday. On the other hand, Nesthy Petecio won gold in featherweight class in AIBA Women World Boxing Championship which was held at Russia last sunday.
Under the Republic Act 10699, a P500,000 reward will be given for the Pilipino athlete who will win in the qualifying competitions world level and P1M for world level competition held at least every 2 years with at least 45 nations taking an interest
Yulo will received P500,000 for winning the floor exercise and another P500,000 from the PSC (Philippines Sports Commission). Another boxer, Eumir Marcial will received P500,000 for winning silver last month in AIBA World Boxing Championship at Russia. PSC will also give P250,000 for EJ Obiena (pole vaulter) for qualifying the 2020 Olympics.
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