PLDT Inc., its wireless subsidiary Smart Communications Inc. (Smart) and the MVP Sports Foundation (MVPSF) are supporting the move of the Philippine Olympic Committee (POC) to establish an incentive trust fund for national athletes who win medals in the Olympics, Asian Games and Southeast Asian Games.
Following the successful performance of the Philippine team in this year’s SEA Games in Vietnam, the POC said that donations from private corporations will automatically go to the incentive trust fund for the athletes.
Filipino athletes bagged 52 gold, 70 silver and 105 bronze medals in Vietnam, including the stellar feats of MVPSF-supported athletes like Olympic gold medalist Hidilyn Diaz, multi-medaled gymnast Carlos Yulo, champion and record-breaking pole vaulter EJ Obiena, and the Smart-supported Sibol esports team, among many others.
“PLDT, Smart and MVPSF are one with the POC in ensuring that our national team members have the assistance that they need to perform their duties well and worry-free,” said Alfredo Panlilio, President and CEO of PLDT and Smart, and President and Trustee of MVPSF.
“As long-time supporters of Filipino athletes, we are eager to see this development inspire and motivate our players whenever they compete in the world stage,” added Panlilio, who is also the POC First Vice President.
Sports initiatives of PLDT, Smart, and other companies chaired by business leader Manuel V. Pangilinan are centralized under MVPSF. From basketball, badminton, gymnastics, weightlifting, esports and many others, the organization has been empowering 17 national sports associations, backing hundreds of athletes and contributing to nation-building through sports advocacy since 2011.
Through MVPSF, PLDT and Smart have also built several sports centers for training of Filipino athletes, particularly in gymnastics, badminton and boxing.