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Philippine leader raises cash incentive for first-ever Olympic gold
Published in Saudi Press Agency on 01 - 08 - 2008

Philippine President Gloria Macapagal Arroyo on Friday offered additional cash rewards to any Filipino athlete who
brings home the country's first-ever Olympic gold medal, bringing the
total prize to 15 million pesos (340,000 US dollars), reported the DPA.
The Philippines has not won an Olympic gold since it first
participated in the games in Paris in 1924.
Arroyo announced the additional 4.5-million-peso reward during
send-off ceremonies on Friday for the Philippines' 15-member
delegation to the Beijing Olympics.
Press Secretary Jesus Dureza said the additional cash prize is on
top of a 5-million-peso cash incentive provided for by legislation
and 5.5 million pesos pledged by various private companies, such as
tycoon Lucio Tan and Microsoft Philippines Inc.
Dureza said Arroyo told the athletes that she wanted them "to show
the best of the Filipino" during the Beijing Olympics.
Arroyo will attend the opening of the Olympics on August 8. She is
scheduled to be in China on August 7-9.
The Philippines has gone home empty-handed in the last two
Olympics in Sydney in 2000 and Athens in 2004. The last time the
country won a medal was in 1996 in Atlanta, when Mansueto Velasco
took the silver in boxing.


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