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NewsTranscript
00:00Even though the Philippines is not home yet, the long-awaited gold medalist Carlos Yulo is already waiting for it.
00:08Under the law, Carlos will be given 10 million pesos as cash incentive because of his gold medal in the Olympics.
00:16Aside from that, he also has 3 million pesos from the House of Representatives.
00:21Not only will he receive money, he will also receive an Olympic gold medal of valor from the Philippine Sports Commission.
00:29He also has a house and lot from the Philippine Olympic Committee.
00:34A property development company will also give Carlos a condominium unit in Taguig that is worth 24 million pesos.
00:43The prizes are tax-free and are based on the Republic Act 7549.
00:59For more updates abroad, join us on GMA Pinoy TV and www.gmanews.tv.