Filipino Olympic boxer Nesthy Petecio will also be getting cash incentives, this time worth Php13 million, for her silver finish in the Tokyo games.
Manila Electric Company (MERALCO) and PXP Energy’s Manny V. Pangilinan and SMC Global Power Holdings’ Ramon Ang are giving Petecio Php5 million each, while Phoenix Petroleum’s Dennis Uy is giving Php3 million.
Petecio ended second place in the women’s featherweight tournament on Tuesday afternoon after losing to hometown bet Irie Sena in their gold medal match. Nonetheless, the Sta. Cruz, Davao Del Sur native is the first Filipina boxer to end at the podium.
“We would like to congratulate Nesthy for a job well done. As the first Filipina ever to win a boxing medal at the Olympics, this is such a great achievement, and another source of pride for our country,” Phoenix SVP Atty. Raymond Zorrilla said in a statement.
Petecio is also getting another Php5 million from the government under Republic Act 10699 or the National Athletes and Coaches Benefits and Incentives Act, as well as Php2 million from 1-PACMAN Rep. Mikee Romero, a house and lot, a condominium unit in Davao City, and free flights.
Pangilinan and Ang had earlier pledged Php10 million each to Filipino Olympians who snatch the gold.