Carlo Paalam is set to receive at least P20 MILLION worth of rewards with his silver medal finish at the Tokyo Olympics similar to what was given to Nesthy Petecio.
By law pursuant to Republic Act 10699, Paalam will receive Php 5M from the National Government. He will also receive cash rewards from the private sector:
- Php 5M from MVP Sports Foundation by Manny V. Pangilinan
- Php 5M from Ramon Ang
- Php 3M from Phoenix Petroleum Philippines
- Php 2M from Rep. Mikee Romero
Below are other rewards we have gathered so far.
- 60,000 Mabuhay Miles per year, for life from Philippine Airlines
- Unlimited flights for 5 years from Air Asia
- 25 FREE flights from Cebu Pacific
- FREE House and Lot Unit (worth P3.6 M) at Velmiro Uptown in Cagayan de Oro from Cebu Landmasters, Inc.
- FREE House and Lot in Tagaytay from POC President Abraham Tolentino
- FREE brand new Sony 65-inch TV from Desmark
- FREE Big Bike from Motortrade
- FREE 100Mbps Parafiber for 2 years from Parasat Cable
- FREE driving course and 10 of Paalam’s chosen relatives from Odyssey Driving School
- P50,000 worth meals from any restaurant of Bigby’s Group of Companies
- P15,000 worth of Studio Portrait Services from Armand Ansaldo Photography
- FREE Haircut, for life from The Shave Bar
- FREE 10 nights per year for 10 years at Monarch Hotel in Calasiao, Pangasinan
- FREE change oil for 5 years for Carlo Paalam’s Yamaha YZF-R1 from MotorDaddy