PSC approves PHP750K special incentives for Yulo - TrueID

PSC approves PHP750K special incentives for Yulo

Philippine News AgencyOctober 26, 2021

INCENTIVES. President Rodrigo Roa Duterte meets 49th FIG Artistic Gymnastics World Championships gold medalist Carlos Yulo at the Malago Clubhouse in Malacañang on Oct. 16, 2019. The Philippine Sports Commission on Tuesday (Oct. 26, 2021) approved the granting of PHP750,000 worth of special incentives for Carlos Edriel Yulo for his double-medal performance at the 2021 World Artistic Gymnastics Championships in Japan. (Presidential photo)

MANILA – The Philippine Sports Commission (PSC) Board on Tuesday approved the granting of PHP750,000 worth of special incentives for Carlos Edriel Yulo for his double-medal performance at the 2021 World Artistic Gymnastics Championships held in Kitakyushu, Japan.

Yulo is the first Filipino multi-medaled gymnast in the said tournament after claiming the gold medal in the men’s vault with a score of 14.916 points, besting Japanese Yonekura Hidenobu who earned 14.866 points. Yulo also won a silver medal in the men’s parallel bars.

PSC Chairman William “Butch” Ramirez explained that the provisions and technical conditions of Republic Act 10699 also known as the National Athletes and Coaches Benefits and Incentives Act does not cover the annually-held world tilt of gymnastics.

Despite this, the sports agency recognizes the special significance of Yulo’s win and approved the PHP500,000 and PHP250,000 incentives for his gold and silver medals, respectively.

Ramirez congratulated and thanked Yulo for this historic win saying, “he has bounced back and showed us all that he is still our world champion in gymnastics.”

Yulo wasn’t able to defend his title in the men’s floor exercise finals but went on to claim two medals in other events.

In 2019, the PSC also granted Yulo PHP500,000 as an incentive for winning multiple medals in the Southeast Asian Games and another PHP500,000 as qualifying incentives to the Tokyo Olympics.

“Every incentive that he receives is well-deserved. By sheer will and determination, Caloy has created his own niche in the halls of Philippine Sports history. Caloy is truly an inspiration to our youth and Filipino athletes.” Ramirez said. (PR)

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