More cash rewards are given to two-time Olympic gold medalist and gymnast Carlos Yulo for the historic win at the recently concluded Paris 2024 Olympics.

Business magnate and former Ilocos Sur Governor Chavit Singson has offered a PhP5 million reward to the 24-year-old world-class athlete.

In a statement sent to GMANetwork.com, it read, “The reward shall be accepted by the Yulo family and Carlos’ partner, as a united front. Chavit Singson, known for his deep respect for family values, made it clear that the reward is not merely for Yulo’s gold medals but as a tribute to the strength and unity of the Yulo family.

Singson also said in the statement, “In offering this reward, I hope to send a powerful message that the success of an individual is never solely their own; it is shared by those who stand by them, offering love, guidance, and unwavering support.”

Meanwhile, Pinoy Boxing Champ Manny Pacquiao also pledged to give cash incentives to Yulo. However, he refused to disclose the amount of his reward.

In a report by Spin.ph, Paquiao said, “Meron din siguro, pero para sa akin, personal ko na siguro yun. Hindi na natin ia-announce.

On Tuesday night, August 13, Yulo and the other Filipino athletes who competed in the Olympics were given recognition by the Office of the President.

During the program, Yulo received the PhP20 million reward as mandated by the law. Under the Republic Act 10699 or the National Athletes and Coaches Benefits and Incentives Act, an athlete who wins a gold medal in the Olympics is entitled to a P10-million incentive.

Aside from these, Yulo will also receive a PhP14 million cash reward from the House of Representatives. Initially, he was promised a PhP6 million reward for his double-gold achievement. However, the House gave an additional PhP8.010 million incentive on Wednesday, August 14.

Here are the other incentives for two-time Olympic gold medalist Carlos Yulo:


Source: Lost Villa/(FB)

Aside from free food and cash incentives, Carlos Yulo can also enjoy a PhP2 million-worth of stay and services at Lost Villa in Quezon Province.


Source: Don Lemon Philippines/(FB)

Carlos Yulo also has a chance now to enter business as Don Lemon Philippines gives him a back-to-back free franchise of Don Macchiatos and Don Lemon.


Source: figymnastics

Under Republic Act No. 10699, athletes who win gold medals at the Summer and/or Winter Olympics will receive a P10 million cash incentive from the Philippine Sports Commission (PSC).

However, there is no official confirmation from (PSC) yet if Carlos is going to receive a total of P20 million for his two golds in the Paris 2024 Olympics.


Source: figymnastics (IG)

In addition to the possible P20 million from PSC, the House of Representatives will grant Carlos Yulo P6 million for his double gold in the Paris Olympics.


Source: figymnastics (IG)

Property developer, Megaworld Corporation, recently announced that they are going to give Carlos Yulo a fully furnished three-bedroom McKinley Hill condo worth P32 million and a cash bonus of P3 million in celebration of its 35th anniversary.


Source:  Vikings Luxury Buffet, The Block, SM North EDSA

Buffet restaurant chain, Vikings, pledged to give Carlos Yulo a lifetime free buffet after he bagged two golds in the 2024 Paris Olympics.


Source: Nexa Engineering

Engineering firm, Nexa Engineering, happily announced that it is going to give Carlos Yulo a lifetime free engineering design.


Source: Dr. Virgil Lo

To ensure that Carlos Yulo will get the best health services possible, Dr. Virigl Lo pledged that the Filipino gymnast will have a lifetime of free gastro consults and colonoscopies once he reaches the age of 45 years old.


Source: Apollo Home Depot

To make Carlos Yulo’s home more comfortable, Apollo Home Depot announced that he will receive free furniture worth P100,000.


Source: figymnastics (IG)

Thanks to the Philippine Olympic Committee, Carlos Yulo gets to add a house and lot to his list of incentives for his big win in the Paris Olympics. According to reports, he will be given a house and lot in Tagaytay.


Source: GppPower Gadgetshop (FB)

Mobile phone shop GppPower Gadgetshop guaranteed that Carlos Yulo will get his very own iPhone 16 upon its release in September.


Source: Cookies by the Bucket; BOK Korean Fried Chicken, Bounty Fresh

Several food chains like Chooks-to-Go, Bok Korean Fried Chicken, Cookies by the Bucket, Hagame Sushi and Ramen Bar, and Tipsy Pig among others pledged that they will give Carlos Yulo free food and/or cash incentives to celebrate his big win in the Paris Olympics.


Source: Philippine Airlines/(FB)

Philippine Airlines, the flag carrier of the Philippines, announced last Wednesday that they are giving a 150,000 upgrade of Mabuhay Miles to Carlos Yulo as part of their pledge to the Philippine Sports Commission to award Mabuhay Miles to athletes who bring home a medal.


Source: adidasph

Philippine Amusement and Gaming Corporation (PAGCOR) chief Al Tengco recently confirmed that the corporation is giving Carlos Yulo Php10 million for each gold medal he brings home, amounting to a total of PhP20 million.


Source: Mylene Nocon

Sports application, ArenaPlus, also added another stack of million to Carlos Yulo for his hard work at the 2024 Paris Olympics. According to ArenaPlus, they are giving Carlos PhP5 million in cash.


Source: Lost Villa/(FB)

Aside from free food and cash incentives, Carlos Yulo can also enjoy a PhP2 million-worth of stay and services at Lost Villa in Quezon Province.


Source: Don Lemon Philippines/(FB)

Carlos Yulo also has a chance now to enter business as Don Lemon Philippines gives him a back-to-back free franchise of Don Macchiatos and Don Lemon.