SMC's Ramon Ang boosts bonuses to Tokyo Olympic medalists

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Metro Manila (CNN Philippines, July 13) — San Miguel Corporation President and Chief Executive Officer Ramon Ang will give additional incentives to the Filipino athletes who will win medals in the upcoming Tokyo Olympics.

Philippine Olympic Committee President Bambol Tolentino announced Ang's offer during the Philippine Sportswriters Association Forum onTuesday.

"I officially announce and thank Mr. Ramon Ang of San Miguel who committed the same amount just like MVP group," Tolentino said.

The SMC chief matches the prize cash offered by the MVP Sports Foundation of Manny Pangilinan — ₱10 million for gold medalists, ₱5 million for silver medalists, and ₱2 million for bronze medalists.

These are on top of the same amount of incentives that the Philippine government will give to the medalists under Republic Act 10699 or the National Athletes and Coaches Benefits and Incentives Act.

Tolentino is confident that more people will give out incentives as the quadrennial international sports meet nears.

"Hopefully, more will come and commit," he said.

The Philippines will be sending 19 athletes to the Summer Games, which begins on July 23.