Push Admin

Philippines' Carlos Edriel Yulo reacts after competing in the artistic gymnastics men's floor exercise final during the Paris 2024 Olympic Games at the Bercy Arena in Paris, on August 3, 2024. Paul Ellis, AFP

Philippines' Carlos Edriel Yulo reacts after competing in the artistic gymnastics men's floor exercise final during the Paris 2024 Olympic Games at the Bercy Arena in Paris, on August 3, 2024. (Photo by Paul ELLIS / AFP)

Article (news)

Paris 2024 Olympic Games

ABS-CBN News

<div><span class="fr-img-caption fr-fic fr-dib" style="width:960px"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/1722833472468AFP__20240803__369J369__v1__Preview__GymnasticsArtisticOlyParis2024.jpg" style="width:960px" class="fr-fic fr-dib" alt="Philippines&#x27; Carlos Edriel Yulo reacts after competing in the artistic gymnastics men&#x27;s floor exercise final during the Paris 2024 Olympic Games at the Bercy Arena in Paris, on August 3, 2024. Paul Ellis, AFP"/><span class="fr-inner" style="text-align:left">Philippines&#x27; Carlos Edriel Yulo reacts after competing in the artistic gymnastics men&#x27;s floor exercise final during the Paris 2024 Olympic Games at the Bercy Arena in Paris, on August 3, 2024. <em>Paul Ellis, AFP</em></span></span></span></div><p>MANILA (<strong>UPDATED</strong>) -- Filipino gymnast Carlos Yulo is set to receive more incentives after his historic triumph in the 2024 Paris Olympics.</p><p>Yulo won a second Olympic gold medal on Sunday when he ruled the vault finals in men&#x27;s artistic gymnastics, a stunning follow-up to his triumph on the floor exercise on Saturday.</p><p>He is the first Filipino athlete to win multiple medals in a single Olympics, and the first to win two gold medals. </p><div><a class="fr-green fr-strong" href="https://news.abs-cbn.com/sports/2024/8/4/double-gold-carlos-yulo-is-olympic-vault-champion-2231">READ: DOUBLE GOLD! Carlos Yulo is Olympic vault champion</a></div><div><a class="fr-green fr-strong" href="https://news.abs-cbn.com/sports/2024/8/3/paris-2024-carlos-yulo-reigns-in-floor-exercise-2101">READ: Carlos Yulo reigns in floor exercise for PH&#x27;s first gold</a></div><p>In a statement, Bounty Fresh and Chooks-to-Go said they are set to reward Yulo with P3 million for his achievement.</p><p>&quot;We believe in celebrating and supporting our homegrown talent, and this reward is a testament to our admiration for Carlos,&quot; said Patricia Cheng-Lim, executive vice president of Bounty Fresh Group Holdings Inc. &quot;We hope his success will inspire the next generation of Filipino athletes to pursue their dreams with the same passion and determination.&quot;</p><p>Meanwhile, Megaworld is upgrading its reward for the superstar gymnast.</p><p>The property giant initially promised a fully-furnished condominium unit worth P24-million in Bonifacio Global City to the country&#x27;s gold medalists.</p><div><a class="fr-green fr-strong" href="https://news.abs-cbn.com/sports/2024/8/1/paris-2024-p24-m-bgc-condo-units-await-each-filipino-olympic-gold-medalist-1437">READ: P24-M BGC condo units await each Filipino Olympic gold medalist</a></div><p>In the wake of Yulo&#x27;s victory, Megaworld said he will receive &quot;a bigger three-bedroom unit in one of its premier residential properties inside the 50-hectare McKinley Hill plus special cash bonus because of his exceptional achievement.&quot;</p><p>&quot;The condominium unit will be designed and fully-furnished with appliances, furniture and fixtures. The unit also comes with two balconies, a separate maid’s room, and a parking slot with a total value of P32-million,&quot; said Megaworld.</p><p>Yulo will also receive a bonus of P3 million.</p><p>&quot;We are boosting our reward for Carlos Yulo now totaling to P35-million. He truly deserves this and we will always be proud of him for taking Filipino excellence to the next level,&quot; said Megaworld president Lourdes Gutierrez-Alfonso in a statement.</p><p>The House of Representatives has also pledged P3 million for Yulo as well as incentives for other Filipino athletes who win medals in the Paris Games.</p><p>Aside from Yulo, boxers Nesthy Petecio and Aira Villegas are both assured of medals after reaching the semifinals of their respective weight classes.</p><p>Meanwhile, PLDT and Smart Chairman and CEO Manuel V. Pangilinan also hailed Yulo&#x27;s achievement on social media.</p><div class="twitter-tweet twitter-tweet-rendered" style="display:flex;max-width:550px;width:100%;margin-top:10px;margin-bottom:10px"><iframe id="twitter-widget-0" scrolling="no" frameBorder="0" allowtransparency="true" allowfullscreen="" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&amp;embedId=twitter-widget-0&amp;features=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%3D%3D&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1820284119932391720&amp;lang=en&amp;origin=https%3A%2F%2Fnews-workbench-web.abs-cbn.com%2F%23%2Fworkspace%2Fmonitoring%3Fitem%3Durn%3Anewsml%3Anews-workbench-api.abs-cbn.com%3A2024-08-05T05%3A49%3A06.613921%3A0d0b2fcb-9fa4-4f43-9f91-2bd2bb7b8b35%26action%3Dcorrect%26popup&amp;sessionId=aa0e67896d64c2c7b2321c76f6a4918f02313d06&amp;theme=light&amp;widgetsVersion=2615f7e52b7e0%3A1702314776716&amp;width=550px" style="position:static;visibility:visible;width:550px;height:801px;display:block;flex-grow:1" data-tweet-id="1820284119932391720"></iframe></div><script async="" src="https://platform.twitter.com/widgets.js" charSet="utf-8"></script><p>Along with a photo of the MVP Sports Foundation (MVPSF) Gymnastics Center in Intramuros, Pangilinan said: &quot;Dreams are fulfilled in Paris, but they begin here. You’ve made us all proud, Caloy. You’re living proof a Filipino can. We never doubted for a second.&quot;</p><p>The MVPSF has supported Yulo since 2017. In 2022, they inaugurated the training facility in Intramuros along with the Gymnastics Association of the Philippines (GAP).</p><div><a class="fr-green fr-strong" href="https://news.abs-cbn.com/sports/2024/8/5/house-prepares-incentives-for-carlos-yulo-pinoy-medalists-in-paris-1004">READ: House prepares incentives for Carlos Yulo, Pinoy medalists in Paris</a></div><p>According to the Philippines&#x27; Republic Act 10699 or the National Athletes and Coaches Benefits and Incentives Act, gold medalists in international sports competitions shall receive P10 million from the government, silver medalists are entitled to P5 million, while bronze medalists will get P2 million.</p><p>The city of Manila is also preparing a hero&#x27;s welcome for Yulo, who is from Leveriza, Malate.</p><div><strong>RELATED VIDEO:</strong></div><div><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/r-AOQRGA6J0?&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><br/></div><div><br/></div><div><br/></div><div><br/></div>

<p>Filipino gymnast Carlos Yulo is set to receive more incentives after his historic triumph in the 2024 Paris Olympics.</p>

Filipino gymnast Carlos Yulo is set to receive more incentives after his historic triumph in the 2024 Paris Olympics.

Incentives continue to pour in for Carlos Yulo after Paris triumph

News

Entertainment

Lifestyle

Sports

Metro.Style

More

Traffic

Manila

Horoscope

Sports

Incentives continue to pour in for Carlos Yulo after Paris triumph

ABS-CBN News

Published Aug 05, 2024 01:19 PM PHT

|

Updated Aug 05, 2024 01:48 PM PHT

Read More:

abssports

ABSNews

gymnastics

Carlos Yulo

Paris Olympics

Olympic Games

2024 Olympics

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

AI Policy

Terms of Service

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.