Smarter News Now
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting
No Result
View All Result
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
No Result
View All Result
Smarter News Now
No Result
View All Result
Home Investing News

Obiena would get reward for setting new Philippine, Asian record

by
July 27, 2022
in Investing News
0
Obiena would get reward for setting new Philippine, Asian record
0
SHARES
15
VIEWS
Share on FacebookShare on Twitter
Ernest John “EJ” Obiena — REUTERS

WORLD No. 6 Ernest John “EJ” Obiena would earn at least P250,000 as incentives from government and possibly more for setting a new national and Asian record during his recent bronze-medal performance in the World Athletics Championships in Eugene, Oregon.

Philippine Sports Commission (PSC) executive director and officer-in-charge Atty. Guillermo Iroy, Jr. on Wednesday told The STAR Mr. Obiena would get a reward for setting a new national and Asian record of 5.94 meters in the Eugene meet.

Mr. Iroy did not mention the exact amount, but the agency had rewarded Mr. Obiena P250,000 several times last year for breaking the national and Asian marks including the previous record of 5.93m the latter set in the Golden Roof Challenge in Innsbruck, Austria.

“We’re still waiting for the official report from PATAFA,” said Mr. Iroy referring to the Philippine Athletics Track and Field Association (PATAFA) headed by Terry Capistrano. “For us, once the board convenes, we will recommend incentive for the record broken.”

Mr. Iroy, however, said it could not give incentives to the bronze since the Worlds gave out prize money to the first up to eighth placers in individual events with a gold worth $70,000, a silver $35,000 and a bronze $22,000 based on documents coming from the PSC.

Based on RA 10699 or the expanded National Athletes and Coaches Incentives Act, “competitions granting prize money shall not be included.”

“For the regular incentives, considering it is a competition with cash prizes and we will follow the law,” said Mr. Iroy.

A bronze in a world-level event done every two years would have meant extra P100,000 for the Southeast Asian Games gold medalist. — Joey Villar

ShareTweetPin

Related Posts

Stocks decline on profit taking, recession fears
Investing News

Stocks decline on profit taking, recession fears

August 23, 2022
Peso climbs vs dollar as RTB offer starts
Investing News

Peso climbs vs dollar as RTB offer starts

August 23, 2022
PNR cancels bids for 3 projects after finding them ‘non-feasible’
Investing News

PNR cancels bids for 3 projects after finding them ‘non-feasible’

August 23, 2022
Senate grills Rodriguez on approval procedures for sugar import order
Investing News

Senate grills Rodriguez on approval procedures for sugar import order

August 23, 2022
Trade dep’t expecting sugar price monitoring report by Friday
Investing News

Trade dep’t expecting sugar price monitoring report by Friday

August 23, 2022
Fisherfolk seek halt to reclamation on municipal fisheries
Investing News

Fisherfolk seek halt to reclamation on municipal fisheries

August 23, 2022
Next Post
Philippine chess teams all-out to better their Olympiad finish

Philippine chess teams all-out to better their Olympiad finish

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Email Address *
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
 

Recommended

T-bills, bonds may fetch higher rates after central bank’s move

T-bills, bonds may fetch higher rates after central bank’s move

July 17, 2022
Budget dep’t releases additional P2B for DSWD crisis assistance program

Budget dep’t releases additional P2B for DSWD crisis assistance program

August 9, 2022
PAGCOR releases P30.09 million aid to three beneficiaries

PAGCOR releases P30.09 million aid to three beneficiaries

June 24, 2022
PHL upsets Carlsen-less  Norway, finishes 32nd place

PHL upsets Carlsen-less  Norway, finishes 32nd place

August 10, 2022
Gov’t planning more bridges across Pasig, Marikina rivers

Gov’t planning more bridges across Pasig, Marikina rivers

July 26, 2022
China ODA best option for  3 railway projects, DoTr says

China ODA best option for 3 railway projects, DoTr says

August 16, 2022
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2022 SmarterNewsNow.
All Rights Reserved.

Disclaimer: SmarterNewsNow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

No Result
View All Result
  • About Us
  • Contact Us
  • Email Whitelisting
  • Home
  • Privacy Policy
  • Terms & Conditions
  • Thank You

Copyright © 2020 SmarterNewsNow. All Rights Reserved.