Olympic Medalist Nesthy Petecio Gets Php 3M Cash Incentive And 10Million Condo 

The Philippines celebrated another medal won at the Tokyo 2021 Summer Olympics, making it the first time the country has won multiple medals since the Los Angeles 1932 Games. 

Nesthy Petecio in Tokyo

Nesthy Petecio got a silver medal at the Women’s Featherweight category.

In addition to the Php 5 million cash incentive in accordance with Republic Act 10699, Nesthy Petecio is set to receive Php 3 million from Phoenix Petroleum’s Siklab Atleta Pilipinas Foundation.

“We would like to congratulate Nesthy for a job well done. As the first Filipina ever to win a boxing medal at the Olympics, this is such a great achievement, and another source of pride for our country,” Phoenix Petroleum Senior Vice President Atty. Raymond Zorrilla said.

“Phoenix is happy to support our Olympic athletes because of the honor they give to the country, so we are glad to reward this cash incentive to Nesthy,” he added.

Free Condo

Meanwhile, Real estate tycoon Dr. Andrew L. Tan is giving Nesthy Petecio a P10-million residential condominium unit in One Lakeshore Drive inside the 11.2-hectare Davao Park District in Lanang, Davao City.

One Lakeshore Drive

The condominium unit is fully furnished and will be right in the heart of the township. It is a little over an hour from Sta. Cruz which is Nesthy Petecio’s hometown. The township will have commercial and retail hubs, office towers, school, and a state-of-the-art hospital.

“We are very proud of this huge accomplishment of Nesthy Petecio. Her silver medal in the Olympics is a historic one because this women’s featherweight division of boxing debuts only in this Tokyo Olympics, and she is the first silver medalist in the category. Rightfully, she deserves the reward from our chairman, Dr. Andrew L. Tan, for the pride she gives to the Filipino nation,” says Atty. Harrison Paltongan, president, Suntrust Properties, Inc.