Olympic silver-medalist Nesthy Petecio will get P17 million in cash incentives for giving the Philippines its second 2020 Tokyo Olympics medal.
Under the Republic Act 10699, runner-up finishers at the Olympics will get P5 million.
Manny Pangilinan also pledged P5 million pesos to Petecio while Ramon Ang. Cong. Mikee Romero also promised P2 million for the Filipina boxer.
Petecio will also get a P10-million Suntrust condominium in Davao City from real estate tycoon Andrew Tan.
The condo is located at One Lakeshore Drive inside the 11.2-hectare Davao Park District in Lanang, according to Megaworld subsidiary Suntrust Properties Inc.
The community is “just a little over an hour away” from Petecio’s hometown in Sta. Cruz, Davao Del Sur, Suntrust said.
“We are very proud of this huge accomplishment of Nesthy Petecio. 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 ever silver medalist in the category,” Suntrust president Harrison Paltongan said.
“Rightfully, she deserves the reward from our chairman, Dr. Andrew Tan, for the pride she gives to the Filipino nation.”
Olympic silver-medalist Nesthy Petecio to get P17M cash incentives
Filipina boxer Nesthy Petecio won a silver medal in the 2020 Tokyo Olympics after Sena Irie of Japan defeated her in the final round of the women’s featherweight division Tuesday at the Kokugikan Arena.
After getting a unanimous decision from all five judges, the Japanese boxer snatched the gold medal, 10-9. Petecio, who is 9 years older than Ire, struggled to connect punches in the first round.
In the second round, Nesthy Petecio fought back and secured a 4-1 scorecard, and brought the bout to a decision in the last round.
In the crucial third round, Irie grabbed and held Petecio, though the Filipina boxer could launch some power punches.
All five judges gave the round in favor of the Japanese fighter, winning the Olympic gold medal.
Nesthy Petecio is the second Filipino to win a medal in the 2020 Tokyo Olympics after Hidilyn Diaz won the gold medal for weightlifting.
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