ATHLETES and sports association officials praised the Philippine Olympic Committee (POC) for continuously fulfilling its commitment by rewarding medalists in Vietnam 31st Southeast Asian Games. The SEA Games were staged last May but cash incentives totaling P11.150 million from the POC came in as a mid-year bonus for the 417…
MANILA - The competition was in May but cash incentives totaling PHP11.150 million from the Philippine Olympic Committee (POC) through its dedicated partners came in as a mid-year bonus for the 417 athletes who clinched medals-individual and team-in the Vietnam 30th Southeast Asian Games. "The medalists in Hanoi are in for a surprise," said POC President, Rep. Abraham "Bambol" Tolentino, on Thursday. "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 already deposited his PHP10,000 bonus for the bronze medal he clinched in cycling's men's downhill. "I haven't check 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 th
(File photo) MANILA - The Philippine Olympic Committee (POC) will establish an exclusive special incentive trust fund for national athletes who win medals in the Southeast Asian Games, Asian Games and Olympics. POC President Rep. Abraham "Bambol" Tolentino announced on Monday the creation of the fund after the POC awarded checks representing the body's incentives to medalists in last month's Vietnam 31st Southeast Asian Games. The POC, Tolentino said, will use as seed money the PHP2 million left from a total PHP13 million sourced from the body's principal supporters Manuel V. Pangilinan's MVP Sports Foundation, Ramon S. Ang's San Miguel Corp. and Charlie Gonzales's Ulticon Builders Inc. "This trust fund is another milestone for the POC, it has never been done before and we are establishing the fund to motivate and inspire our athletes when they compete abroad," said Tolentino, who also presided over the POC Executive Board meeting at the Kn