Olympic glory: Rewards for medals now common

According to the Major Games Award Programme of the Singapore National Olympic Council , the payout for the Olympic games are:US$370,570 for silver medalists in the individual category.SNOC offered an even higher amount of payout for successful athletes who competed in the team event and team sport.

Singapore has sent a total of 23 athletes to Tokyo for the Olympics. So far, the country has no medal.Panipak “Nong Tennis” Wongpattanakit, who returned home with Thailand’s first gold medal in the Tokyo Olympics, is set to receive 20 million baht or at least US$604,457, according to Bangkok Post. The country currently has three bronze medals—two from weightlifters Igor Son and Zulfiya Chinshanlo and one medal by Yeldos Smetov for judo.According to the Malaysia National Sports Council, athletes who will bring home Olympic medals will receive:US$71,000 with a US$700 monthly allowance for silver medalists.Aaron Chia and Soh Wooi Yik, who competed in badminton men’s doubles, secured a bronze medal, Malaysia’s first.

She will also get additional cash incentives as well as a 60,000 Mabuhay Miles lifetime from Philippine Airlines and unlimited flights for five years from AirAsia.Hungary, according to a report published by Forbes, pledged the following amounts for their Olympic medalists as prize money:US$94,000 for each bronze medalist.

During the Rio Games in 2016, Sindhu won a silver medal. This year, she will be bringing home a bronze medal along with the honor of being the country’s first woman to win two Olympic medals.Athletes of the host country, Japan, will likewise receive a decent amount of cash reward for finishing on the podium.Around US$9,000 for bronze.United States of America

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Olympic gold medalist Hidilyn Diaz cheers for Nesthy Petecio's historic silver medal finishThe two women who lifted the country to Olympic glory! 💪
Source: gmanetwork - 🏆 12. / 63 Read more »

Canada's De Grasse ends long wait with 200m goldCanadian sprinter Andre de Grasse finally fulfills his potential by winning his first Olympic gold medal! Tokyo2020 Olympics
Source: rapplerdotcom - 🏆 4. / 86 Read more »

Gabbi Garcia, Gil Cuerva, at ilan pang Kapuso stars, nagbunyi sa pagkapanalo ni Nesthy PetecioSi Nesthy Petecio ang kauna-unahang Pinay na nakapag-uwi ng silver medal sa Olympic Games. Congratulations, Nesthy!
Source: gmanetwork - 🏆 12. / 63 Read more »

Witty 'Paalam' puns abound as boxer Carlo nabs sure Olympic medalFilipino boxer Carlo Paalam joined three other Filipino athletes with an Olympic medal on Tuesday, August 3 inspiring puns on his surname on local social
Source: interaksyon - 🏆 24. / 51 Read more »

Olympics: Saso, Pagdanganan tee off in women's golfYuka Saso and Bianca Pagdanganan begin their quest for an Olympic medal on Wednesday at the Kasimugaseki Golf Club. Tokyo2020 Olympics
Source: ANCALERTS - 🏆 26. / 50 Read more »

Swedes, Canada ask for gold-medal match to be movedSweden and Canada have asked Olympic organizers to move the women's gold-medal soccer match to avoid the sweltering heat of the Japanese summer.
Source: ABSCBNNews - 🏆 5. / 83 Read more »