
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:
'THE COMEBACK' IS CONFIRMED: AJ RETURNS TO RIYADH ON JULY 25 AS HEAVYWEIGHT ICON FACES KRSITIAN PRENGA – LIVE ON DAZN
Tue, 28 Apr 2026SANDOVAL vs YAFAI UNIFICATION WORLD TITLE FIGHT TOPS THE BILL IN SHEFFIELD ON JUNE 6 – LIVE ON DAZN – AS DALTON SMITH IS SIDELINED
Tue, 28 Apr 2026IBA Global Boxing Series 2026 – India Edition delivers landmark night of professional boxing in Mumbai
Tue, 28 Apr 2026Xander Zayas Signs Multi-Year Extension with Top Rank
Tue, 28 Apr 2026Victor Wembanyama ties Shaquille O'Neal's Playoff Points-Rebounds-Blocks Record
By Gabriel F. Cordero, Tue, 28 Apr 2026Pinoy chesser bags gold in China tilt
By Marlon Bernardino, Tue, 28 Apr 2026MELBOURNE FIGHT WEEK: PRESS CONFERENCE QUOTES IN FULL AS NICOLSON TAKES ON TURNER FOR THE WBC INTERIM WORLD TITLE
Mon, 27 Apr 2026‘I’m coming to put on a performance—something exciting, something real. Don’t blink – The Black Hulk Bilal Seidu is back May 29 in Perth – Thunderdome 54
Mon, 27 Apr 2026Fil-Am Brandon Kier Sustento strikes again in US chess tourney
By Marlon Bernardino, Mon, 27 Apr 2026Llover nears title shot
By Joaquin Henson, Mon, 27 Apr 2026All Star Boxing, Inc. Signs Undefeated Japanese Prospect Yuga Ozaki to Multi-Year Promotional Agreement
Mon, 27 Apr 2026Labog rules Okada Manila Chess Tournament
By Marlon Bernardino, Mon, 27 Apr 2026Dacullo Edges Cometa in Thriller, Remains GAB Philippine Youth Minimum weight Champion
By Carlos Costa, Mon, 27 Apr 2026SKYE NICOLSON FIRES WARNING TO MARIAH TURNER AS SHE TARGETS HOMECOMING WIN THIS WEDNESDAY IN BID TO LAND UNDISPUTED SHOT
Mon, 27 Apr 2026Salim Ellis-Bey Concludes 2026 World Boxing Cup - Stage 1 with Silver Medal
Mon, 27 Apr 2026