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.

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photo from AP

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
Carlo-Paalam-AP
photo from AP

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
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