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Aside from Her Silver Medal, Nesthy Petecio Bags P17 Million, A Condominium, and More

Aside from Her Silver Medal, Nesthy Petecio Bags P17 Million, A Condominium, and More

Aug 3, 2021   •   Kyzia Maramara

She did it. Nesthy Petecio is the first Filipina boxer to ever bag a medal from the Olympics. Her silver win against Japan’s Sena Irie during the women’s featherweight final is the Philippines’ second medal for this year’s Games. It’s also a historic feat for the 29-year-old since she’s competing in a sports category that’s being featured for the first time ever at the Olympics.

Petecio did her country proud — which is why her cash incentives and prizes from the government, private companies, tycoons, and more are well-deserved awards. Check out Petecio’s bounty which is currently at P17 million in cash and counting:

P5 million from National Government

Petecio will get her bounty as mandated by Republic Act 10699 or the National Athletes and Coaches Benefits and Incentives Act.

Silver medalists get P5 million cash incentives while gold medalists and bronze medalists get P10 million and P2 million respectively.

 

P5 million each pledged by corporate magnates

Manny Pangilinan through the MVP Sports Foundation and San Miguel Corporation president Ramon Ang have each pledged to give silver medalists P5 million.

 

P2 million from Deputy Speaker Mikee Romero

In addition to her cash incentives so far, Petecio will also receive money pledged for silver medalists by Deputy Speaker Mikee Romero.

 

Free miles with PAL

Philippine Airlines grants Petecio 60,000 Mabuhay Miles per year, making her the airlines’ second Forever Flyer after Hidilyn Diaz.

 

Free flights with AirAsia

AirAsia awards Petecio 5 years of unlimited flights as an Olympic silver medalist. “Congratulations Nesthy! You definitely punched your mightiest to win this recognition for the Philippines,” said AirAsia Philippines Spokesperson Steve Dailisan. “Your victory is an inspiration to everyone battling the pandemic to continue and never give up on the fight no matter what.”

 

A condominium

Megaworld Corporation president and tycoon Andrew Tan is giving Petecio a fully-furnished Suntrust condominium worth P10 million. It’s located a little over an hour away from Petecio’s home in Davao Del Sur inside Davao Park District, Megaworld’s first-ever township in Mindanao.

“We are very proud of this huge accomplishment of Nesthy Petecio,” said Suntrust president Harrison Paltongan. Her silver medal in the Olympics is a historic one because this women’s featherweight division of boxing debuts only in this Tokyo Olympics, and she is the first silver medalist in the category.”

 

Brand new house and lot

Real estate firm Ovialand pledged a homecoming gift to the Filipina champion ahead of her last match. She will get a Caliya House and Lot Unit worth P2.5 million in Caliya, Candelaria.

 

Free Nestle products

Petecio’s namesake, Nestea, has pledged products to give to the boxer’s hometown and a chosen NGO. Filipinos earlier were requesting the brand to give Petecio a sponsorship deal and lifetime supply of Nestea.

 

These are just some of Petecio’s winnings so far. Over the next few days, we’re sure the history-maker is going to get more cash incentives, and deals and sponsorships for brands.

 

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Kyzia spends most of her time capturing the world around her through photos, paragraphs, and playlists. She is constantly on the hunt for the perfect chocolate chip cookie, and a great paperback thriller to pair with it.

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