Top 100 firms urged to stand as ‘ninong’ to PH SEAG medalists

Credit to Author: Tempo Desk| Date: Fri, 06 Dec 2019 07:54:28 +0000

FERNANDEZ (FB photo)

House Deputy Speaker Dan Fernandez yesterday urged the country’s top 100 corporations to stand “ninong” (godparent) for Filipino medal winners in the Southeast Asian Games by contributing to the reward pot initiated by the House of Representatives.

Fernandez said that with the P10-million cash reward that will be raised by congressmen through the initiative of House Speaker Alan Peter Cayetano, each gold medalist athlete will get a total P400,000, including the P300,000 provided for under Republic Act 10699.

“The country’s 100 top business firms might want to increase the ante for the gold medalist to guarantee them P500,000 each. Then they can continue playing the role of ‘ninong’ for all other medal finishers, they might also want to be generous this Christmas season by giving all other Filipino athletes and coaches cash gifts,” said Fernandez.

The Laguna lawmaker said RA 10699 guarantees Filipinos who won gold medals in individual competitions at least P300,000 while those who won top honors in team competitions will be entitled to 25 percent of the amount.

Under the same law, silver medalists will receive P150,000 each while those with bronze
http://tempo.com.ph/feed/