PSC TO GIVE P5-M TO HIDILYN DIAZ
Aside from millions of pesos Filipina weightlifter Hidilyn Diaz will be receiving from private sectors, the Philippine Sports Commission (PSC) will be adding P5 million to her incentives.
On Monday night, Diaz made Philippine history by dominating the 55kg event in women’s weightlifting to win the country’s first-ever Olympic gold medal.
Under Republic Act 10699, often known as the extended incentives act, national athletes and other athletes who break a Philippine record or place first in a measured international sports competition are eligible for cash incentives, the amount of which is set by the PSC.
Diaz, 30, will earn a total of P20.5 million—P15 million from the Philippine government. Her community in Zamboanga will give her P2.5 million, and President Rodrigo Duterte will give her P3 million.
Diaz has also received plenty of incentives from the private sector, including P10 million each from the Manny V. Pangilinan Sports Foundation and San Miguel Corp.’s Ramon S. Ang.