RSA hands Tokyo Olympics medalists cash incentives


SAN MIGUEL Corp. (SMC) president Ramon S. Ang wished Tokyo Olympics medalists Carlo Paalam, Nesthy Petecio and Eumir Felix Marcial the best as they gun for the Philippines’s first Olympic gold in boxing in the Paris Olympics three years from now.

Paris 2024, interestingly, marks the country’s 100th year of participation in the quadrennial Games.

Ang personally handed his P5 million cash incentives each to silver medalists Petecio and Paalam and P2 million to Marcial for his bronze medal at the Tokyo Olympics.

Besides the cash incentives, Ang said SMC will provide the three boxers with any SMC business of their choice that they can put up in their respective home provinces.

All three boxers are from Mindanao—Marcial is from Zamboanga City while Paalam and Petecio hail from Cagayan de Oro and Davao del Sur, respectively.

“At a time when our country is seeing the initial signs of hope to recover from the pandemic, our Olympic medalists continue to inspire us to do our best and rise above all difficulties,” Ang said. “As we wish them further success in boxing in the coming Olympics and in Eumir’s case, his next professional bout, we also taking steps to further secure their future with the San Miguel Corp. businesses of their choice.”

Ang  said that the country’s first Olympic gold, courtesy of weightlifter Hidilyn Diaz in Tokyo would serve to inspire the three Olympic boxers to vie for the gold in one of the Filipinos’ favorite sport—where Anthony Villanueva and Mansueto “Onyok” Velasco achieved silver medal finishes in 1964 in Tokyo and 1996 in Atlanta, respectively.

Ang also gave a P10 million incentive to weightlifter Diaz, who won the gold in Tokyo.

Ang also sees the middleweight Marcial, who turned pro last year, as one of the brightest spots in Philippine boxing as he beat American Andrew Whitfield in his professional debut last December before becoming the first Filipino pro boxer to compete and win a medal in the Olympics.

“Eumir’s first bout is impressive, considering that he turned pro and fought his first pro bout following a long layoff due to the pandemic. I see him reaching the greater heights like great boxers Flash Elorde and Manny Pacquiao, who have long been associated with San Miguel during and even after their professional careers,”Ang said.

“If he becomes a champion in his division in the coming years and also wins a gold medal in the Paris Olympics in 2024, then he will have the unique distinction of being the first one to do so,” he added.

He also congratulated Marcial who got married to longtime girlfriend Princess Jenniel Cabradilla Galarpe, an amateur boxing national champion from Cagayan de Oro City, last October 28.

SMC, a longtime supporter of Philippine sports, backed the Philippine team that won 149 gold medal, 117 silver and 121 bronze medals in the 2019 Southeast Asian Games.

During the 2005 Southeast Asian Games, SMC also supported the Philippine team that also won the overall championship with 112 golds, 85 silvers and 93 bronzes.

SMC also owns a three professional basketball teams—San Miguel Beer, Barangay Ginebra San Miguel and Magnolia Hotshots Pambansang Manok—in the Philippine Basketball Association (PBA).

Read full article on BusinessMirror