For bagging an Olympic silver, Filipino boxer Nesthy Petecio will get a brand new, fully furnished condominium unit worth P10 million, courtesy of real estate tycoon Andrew Tan.
Petecio was already assured of P17 million in incentives and a house and lot from donors even before she lost a closely fought women’s featherweight final to Japanese Sena Irie at the Kokugikan Arena in Tokyo.
Moments after the her losing effort for the gold, Tan’s Suntrust Properties came out with an official statement rewarding Petecio a residential unit at Lakeshore Drive located inside the 11.2 hectare Davao Park District in Lanang, Davao City.
The location, a commercial township right at the center of the city, is just a little more than one hour away from Petecio’s hometown in Sta. Cruz, Davao del Sur.
“We are very proud of this huge accomplishment of Nesthy Petecio. Her silver medal in the Olympics is a historic one,” said Harrison Paltongan, president of Suntrust Properties, in a statement. “Rightfully, she deserves the reward from our chairman, Dr. Andrew Tan, for the pride she gives to the Filipino nation.”
Petecio is set to receive P5 million cash incentives each from the Philippine Sports Commission, via the Athletes and Coaches Incentives Act or RA 10699, MVP Sports Foundation’s Manny Pangilinan and San Miguel’s Ramon Ang, plus another P2 million from Congressman-businessman Mikee Romero.
Growing up a in poor family in Sta. Cruz, Davao Del Sur, Petecio has gone a long way from helping her family earn a living by selling chicken manure to fertilizer manufacturers to becoming a multi-millionaire with brand new house and a condominium unit to boot.
Even without winning the gold and failing to duplicate compatriot Hidilyn Diaz’s golden feat, Petecio’s silver medal finish was a feat in itself.
Petecio was the first lady boxer to win a medal–sixth overall for team Philippines in boxing. She also bagged the country’s first silver medal since Onyok Velasco pocketed the same in 1996 in Atlanta, USA and fourth silver medal in total for the Philippines.
Petecio reached the final round and the sure silver finish after beating Italy’s Irma Testa in the semifinals. She debuted with a rousing win over Congo’s Marcela Sakobi Matshu, then upset world no. 1 Lin Yu Ting of Taiwan by a close shave before beating Colombia’s Yeni Marcela to reach the quarterfinals, where she met Testa.