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Automotive industry gives Hidilyn Diaz a lift

Published July 30, 2021, 10:00 AM Recognizing greatness All the sacrifices and hard work are beginning to reap rewards for the Philippines’ first Olympic gold medalist, Hidilyn Diaz. The athlete is being lauded and recognized by the government and various private sector entities for her latest achievement. Government officials and the country’s top business executives are slated to give nearly P50 million in cash incentives to Diaz in recognition and appreciation for giving the country its first Olympic gold medal since it joined the games in 1924. There are numerous non-cash incentives as well as like a house and lot, condominium unit, unlimited miles on airlines, and even free meals for life at various restaurants.

Here s How Much Olympic Athletes Earn for Winning Medals

More than 600 U.S. athletes are competing at the Tokyo Olympics, and the United States has so far won 11 gold, 11 silver and 9 bronze. The U.S. Olympic and Paralympic Committee rewards athletes $37,500 for every gold medal won, $22,500 for silver and $15,000 for bronze. Most of that prize money is not taxable unless athletes report gross income that exceeds $1 million. In comparison, Singapore rewards its gold medalists nearly 20 times more than the U.S. Players who clinch their first individual gold medal for the city-state stand to receive 1 million Singapore dollars ($737,000). The prize money is taxable and awardees are required to return a portion of it to their national sports associations for future training and development.

PSC to give additional P5 million incentive to Diaz

PSC to give additional P5 million incentive to Diaz
mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.

Bacolod company honors Diaz

Bacolod company honors Diaz
visayandailystar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from visayandailystar.com Daily Mail and Mail on Sunday newspapers.

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