Millions in incentives coming in for Yulo

MANILA, Philippines — When he comes home, gold medalist Carlos Yulo’s 2024 Paris Olympic Games victory will be made even sweeter with more prizes, courtesy of the country’s tycoons.

Andrew Tan’s property giant Megaworld Corp. is rewarding Yulo with a fully furnished two-bedroom residential condominium unit in Bonifacio Global City valued at P24 million.

The men’s gymnastics champion’s new condominium is located within Megaworld’s 50-hectare McKinley Hill township in Taguig.

“That’s our commitment, not just for him, but to every Filipino Olympic athlete who will get gold,” Megaworld vice president for public relations Harold Geronimo told The STAR yesterday.

The SM Group of the Sy family, meanwhile, has pledged P1 million worth of products from SM Retail, both department stores and supermarkets, consumable within one year.

Popular buffet restaurant chain Vikings pledged on its official Facebook page a lifetime free buffet to the celebrated athlete.

Another tycoon-led group will also be announcing today its reward for Yulo, The STAR has learned.

Yulo, who topped the floor exercise finals of the men’s gymnastics in the Paris Olympics, is the country’s second Olympic gold medalist after weightlifter Hidilyn Diaz.

Diaz, who won her gold medal during the Tokyo Olympics three years ago, received hefty cash prizes and incentives from companies and tycoons such as Manuel V. Pangilinan and Ramon Ang.

Aside from the prizes coming from the country’s most notable tycoons, the government – according to Section 8 of Republic Act 10699 – will be awarding Yulo with P10 million and an Olympic Gold Medal of Valor to be issued by the Philippine Sports Commission.

Senators commended Yulo, the country’s first gymnast to win a gold medal in the Paris Olympics.

Sen. Sherwin Gatchalian “joined the Filipino people in congratulating Carlos Yulo for clinching an Olympic gold in the floor exercises in gymnastics. This historic win brings a special moment of pride for our country, and proves that the Olympic gold is no longer elusive for Filipino athletes. He has inspired countless Filipinos with his exceptional performance.”

Gatchalian said, “Our task as a nation is to ensure that future