MANILA, Philippines—JB Sports and Music and Toyota Balintawak on Monday joined forces to boost the reward package for athletes who will win at least a silver medal in the 2008 Beijing Olympics.
JB executive Jerico Fernandez, a martial arts enthusiast, and Toyota Balintawak’s Cosco Oben announced that they will give a brand new Toyota Vios to the first Filipino silver medalist in this year’s Olympics as well as the gold winners.
“This is our way to inspire our athletes,” Fernando and Oben said during a press conference attended by Philippine Sports Commission chair William “Butch” Ramirez and JB’s Jean Fernando.
The incentive for the Olympic gold medal has reached P15 million after President Gloria Macapagal-Arroyo added P4.5 million to the pot Friday.
Petron has also committed P1 million for a taekwondo gold, P600,000 for a silver and P300,000 for a bronze.
The silver medalist also stands to win P3 million, including the P2.5 million from the government.
Blog Credits: Cedelf P. Tupas, Philippine Daily Inquirer