CAGAYAN DE ORO CITY – When it rains it pours. Perks and giveaways continue to give surprises to the city’s boxing phenom Carlo Paalam, as another company offered to give him and other Tokyo Olympic medalists a house and lot at a subdivision in Tagaytay.
This, as the Cebu Landmaster Inc has also offered a P3.6 million house and lot in Cagayan de Oro City, where Paalam’s family and girlfriend live many years ago, after his family decided to transfer residence in this city from Talakag Bukidnon, to look for greener pasture.
Philippine Olympic Committee President Abraham “Bembol” Tolentino told reporters all the olympic medalists in Mindanao will be given a house and lot each in Tagaytay.
During a virtual press briefing, Tolentino said the athletes’ new homes will be located at the high-altitude area about 70 kilometers south of Metro Manila.
“The two silvers and one bronze (winners), I will also give them a house and lot,” said Tolentino in Filipino during a virtual press conference. “So that they could also share it with their relatives,” the POC president said.
Tolentino also officially announced that all the non-winning athletes are also set to receive P500,000 each. There were 20 Filipino athletes in different sports disciplines who competed in the Tokyo Olympics 2020, courtesy of the MVP Sports Foundation.
With POC’s new announcements, Diaz will have additional P3 Million, which give her a total of P55.5 million; Paalam and Petecio P2 million each to accumulate at least P19 million for each of the boxers, while Marcial will be given additional P1 million to have at least P8.5 million in cash. All these do not include perks and bonuses offered by private companies.
“I could probably help (my family) obtain things that they want now. This is really a big opportunity the Lord has given me,” said Paalam, in vernacular during the press briefing online. Paalam has a very inspirational story to tell about him being a former scavenger in his hometown.
The Cagayan de Oro’s pride also batted for the coaches’ incentives being part of the success of olympians in the country.
Based on the National Athletes and Coaches Benefits and Incentives Act of 2015, the coaches and mentors must receive at least 50% worth of cash rewards set by law for medalists, and this incentive shall be equally divided among the mentors and coaches.