P12M IN 2012
By Maloney L. Samaco
PhilBoxing.com
Fri, 23 Jan 2009
BACOLOD CITY - It was the climax of the ABAP Congress for stakeholders held in the plush L? Fisher Hotel here on January 22. The booming announcement made by Smart-PLDT boss and ABAP Chairman Manny V. Pangilinan that their company will be giving P12 million for the boxer who can win the Olympic gold medal for the Philippines in the 2012 London Olympics.
Gold medalists for world championships will receive P 1 million, for the Southeast Asian Games P300,000 and for the minor international competitions will receive P30,000. Incentives will also be rewarded to the silver and bronze medalists of the said contests. So far in any sport, this is the biggest incentive package offered by a private firm to help entice our athletes to perform exceptionally.
The ABAP Congress was a gathering of the Who?s Who in sports led by the bigwigs of Smart-PLDT. President Ricky Vargas ensured a comprehensive training program that could lead towards the realization of the Olympic dream. Secretary-general Patrick Gregorio presented in detail how ABAP is going to put these plans and programs into action.
Outgoing ABAP president Manny Lopez and outgoing chairman Gov. Raul Daza of Northern Samar executed a very smooth turnover of the ABAP reign symbolized by the ABAP banner received by Pangilinan and Vargas. Lopez became the ABAP vice president and Daza remained as regional chairman for Eastern Visayas.
Bacolod Representative Monico Puentevella acknowledged the presence and help of all boxing enthusiasts who spared their time to attend the congress. He announced that the total number of participants in the ongoing Smart ABAP National Amateur Boxing championships have reached 655 out of the expected 400 plus. He is positive that next year, the number could reach more than a thousand boxers and officials.
Presented was a video depicting the performance of the Philippines in the past 84 years, since the country first joined the Olympics in 1924 in Paris, France. Out of the two silver and seven bronze medals won, two silvers and three bronzes were from boxing. So the great possibility that the first Olympic gold will come from boxing is not remote.
Two Olympic medalists were present, the 1992 Barcelona bronze medalist Roel Velasco and 1996 Atlanta silver medalist Mansueto ?Onyok? Velasco. The 1988 Seoul Olympic bronze medalist Leopoldo Serrantes was invited but could not attend due to health problems. The other silver medalist was Anthony Villanueva in 1964 in Tokyo while the other bronze medalist was Jose Villanueva in 1932 in Los Angeles.
There was a dynamic atmosphere in the congregation of all the stakeholders and everybody is very enthusiastic that amateur boxing is headed towards the right direction. With the golden helping hand extended by Smart-PLDT, Philippine amateur boxing has nowhere to go but up.
Click here to view a list of other articles written by Maloney L. Samaco.
Recent PhilBoxing.com In-House articles:
Three boxers aim for finals
By Joaquin Henson, Wed, 17 Dec 2025BOOM! Terence Crawford Stuns the World with Retirement at 42-0
By Dong Secuya, Wed, 17 Dec 2025Jake Paul vs Anthony Joshua: The Biggest “Crossroads” Fight Ever!
By Ralph Rimpell, Wed, 17 Dec 2025Donaire ready for Tsutsumi
By Joaquin Henson, Tue, 16 Dec 2025INDIGO FIGHT NIGHT: WEIGH-IN RESULTS AND RUNNING ORDER CONFIRMED AS CONNOR MITCHELL GETS READY FOR HIS PRO DEBUT
Tue, 16 Dec 2025THE PAST WEEK IN ACTION DECEMBER 15 DECEMBER 2025: Gassiev KO Pulev in 6; Mikaeljan Beats Jack for WBC Cruiser Title; Pacheco Outpoints Sadjo
By Eric Armit, Tue, 16 Dec 2025Sumalinog, Castanol rule Senior, PWD fun run
By Lito delos Reyes, Tue, 16 Dec 2025Vargas urges boxers to defy odds
By Joaquin Henson, Tue, 16 Dec 2025GIORGIO VISIOLI SETS OUT MISSION TO LAND MAJOR TITLES AFTER TENSE FIRST FACE-OFF WITH ENGLISH TITLE RIVAL JOE HOWARTH
Tue, 16 Dec 2025Kevin Brown and Yoenis Tellez Shine at Boxlab Promotions’ “Night of Champions XIII” During the 104th Annual WBA Convention
Tue, 16 Dec 2025TRAINING CAMP NOTES: Justin Cardona Shares Insights Ahead of December 19 Showdown Against Avious Griffin
Tue, 16 Dec 2025JAS MATHUR JOINS MANNY PACQUIAO PROMOTIONS AS CEO TO LEAD STRATEGIC VISION, CREATIVITY AND GLOBAL GROWTH INITIATIVES
Tue, 16 Dec 2025Split-T Management Signs Amateur Standout Adrian Salazar
Tue, 16 Dec 2025INTERNATIONAL BOXING HALL OF FAME REMEMBERS CANASTOTA’S MANAGER / TRAINER / PROMOTER TONY GRAZIANO
Mon, 15 Dec 2025Catubig, Prado win Suy Foods Santa Run
By Lito delos Reyes, Mon, 15 Dec 2025