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PRESIDENT Ferdinand “Bongbong” Marcos Jr. congratulated gymnast Carlos Yulo for bagging the Philippines’ first gold medal in the 2024 Paris Olympics.In a Facebook post, Marcos expressed elation over Yulo’s achievement which makes him the second Filipino athlete to win an Olympic gold medal, next to weightlifter Hidilyn Diaz.
I dedicate this to the Filipino people also who supported me,” he said.Under Republic Act 10699 enacted in 2015, a gold medalist from the Philippines for individual events will receive P10 million.The law also set an incentive for silver medalists at P5 million and P2 million for bronze medalists.Yulo will also receive an Olympic Gold Medal of Valor from the Philippine Sports Commission and a house and lot from the Philippine Olympic Committee.
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