Hidilyn Diaz to receive P5M from PH government

Hidilyn Diaz to receive P5M from PH government

-In 2015, a law was signed by former President Aquino granting athletes who win medals in the Olympics cash incentives from the government

-After grabbing the silver medal in her weightlifting event, Hidilyn Diaz will be receiving P5 million in cash and is to expect endorsements, television guesting, showbiz stint, and other exposure

-Hidilyn Diaz after successfully lifting an overall weight of 200 kilograms, won second place behind Chinese Taipei's Hsu Shu-Ching

Hidilyn Diaz to receive P5M from PH government

A law was signed by former President Benigno Aquino III in 2015 that now grants Filipina weightlifting athlete Hidilyn Diaz P5 million in cash incentives for winning a silver medal during the ongoing Summer Olympics in Rio de Janeiro.

The Republic Act (RA 10699, also known as the National Athletes and Coaches Benefits and Incentives Act, dictates that athletes winning silver medals in individual events during the Summer Olympics will get P5 million in cash incentives.

The same law provides that athletes who can grab gold at the same Olympic game will be given P10 million and an Olympic Gold Medal of Valor. Those who can snatch bronze medals will get P2 million.

READ ALSO: Twitter users recognize PH Olympic win

The same law also grants national athletes and coaches a 20-percent discount on transportation, hotels and other lodging establishments, restaurants, and purchase of medicine and sports equipment for their own use.

Medical consultations in government hospitals, insurance coverage, and a comprehensive social security program is also provided to them for free.

The Malacañang has already congratulated Diaz for ending the Philippines medal drought in the Summer Olympics.

READ ALSO: Pacquiao to award ₱5M to Filipinos winning gold in Rio

Diaz is the first athlete to grab a medal for the Philippines since Mansueto "Onyok" Velasco's silver medal achievement for boxing at the 1996 Atlanta games.

Diaz is expected to receive more incentives not just from the government but from private sectors as well.

President Duterte is reportedly expected to increase the incentives basing on his gesture during the sendoff at Malacanang where he upped the allowances of athletes from $1,000 to $3000.

READ ALSO: Philippines wins first medal in Rio Olympics thanks to Hidilyn Diaz

For Diaz, endorsements and TV appearances are looking to come her way, the same way it did with Onyok Velasco.

Diaz, in her event, lifted 88 kilograms in the snatch, and 112 kilograms in the clean and jerk, totaling her lift to 200 kilograms.

The event was won by Chinese Taipei's Hsu Shu-Ching, her 2nd gold medal in the same event.

READ ALSO: Rio 2016: Hurdler Eric Cray plans to bring home the bacon

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