Double Olympic gold medalist Filipino gymnast Carlos Yulo has garnered incentives reaching P113 million from governmental and private entities.
(Photo from the Philippine Sports Commission)
Yulo's most recent cash reward was P3 million from Chooks-to-Go.
The P3 million gift to Yulo was presented at the opening of the brand's store at Festival Mall, Muntinlupa City, last Friday, August 23, 2024.
Patricia Cheng Lim, the Executive Vice President for Operations of Chooks-to-Go, expressed that it was an honor to reward Yulo for his exceptional performance at the Paris Olympics. She added that they were thrilled to provide an opportunity for Yulo's fans to witness the athlete during their event.
The attendees also included silver medalist boxer from the Atlanta Olympics, Mansueto "Onyok" Velasco, bronze medalist boxer from the Tokyo Olympics, Eumir Marcial, fencer Samantha Catantan who also competed in the Paris Olympics, and triathlon star Nikko Huelgas.
Yulo's initial incentive was the P10 million per gold medal stipulated under Republic Act 10699, also known as the National Athletes and Coaches Benefits and Incentives Act. Yulo received twenty million pesos for his two gold medals in the Artistic Events of the Paris Olympics.
Yulo's most recent incentives include P3 million from the Senate, allowing him to reach P100 million. This total was later increased by a further P10 million from business tycoon Manny Pangilinan, and the most recent P3 million from Chooks-to-Go.