MANILA, Philippines — Carlos Yulo’s incentives for winning two gold medals at the Paris Olympics just breached P113 million after Chooks-to-Go handed the gymnast a P3M reward.

Yulo's incentives breach P113 million | The Manila Times

The awarding ceremony was part of the grand opening of Chooks! at Festival Mall in Muntinlupa— the company’s 38th dine-in restaurant — Friday, August 23.

“Chooks-to-Go and Bounty have always been more than just a brand; it’s a beacon of hope for Philippine sports,” said Vice President for Corporate Marketing and Chooks-to-Go Inc. Executive Vice President for Operations Patricia Cheng-Lim.

“We are honored to reward Carlos Yulo’s extraordinary accomplishments and are excited to share this moment with the fans who have been a crucial part of his success,” she added.

Present in the event were Bounty Fresh Group Holdings Chairman of the Board and Chooks-to-Go, Inc. President Tennyson Chen, Chief Finance Officer Diane Choi, and Festival Mall manager Yvette Dizon.

Atlanta Games silver winner Mansueto “Onyok” Velasco and Tokyo Olympics bronze medalist Eumir Marcial, both of boxing, Yulo’s fellow Paris Olympian and fencer Samantha Catantan, and triathlon star Nikko Huelgas, also marketing head of the Philippine Olympic Committee, were likewise present in the event.

Gymnastics Association of the Philippines chief Cynthia Carrion also accompanied Yulo to the event.

No other Filipino Olympian has accomplished what Yulo did and hence the rewards continue to pile up for the pride of Malate, Manila.

Yulo’s base incentive was P20M under Republic Act 10699 or the National Athletes and Coaches Benefits and Incentives Act, which rewards Filipino Olympians a P10M incentive for each gold medal won.

Recently, the Senate awarded Yulo a P3M incentive that enabled his incentives to breach P100M while business tycoon Manny V. Panglinan added a P10M reward to Yulo.