Malaysia: A Million Ringgit for Olympic Gold?

[Seasider]

Oh yeah, since nobody has posted the latest update :
Berita Harian, 25 June 2008
http://www.bharian.com.my/Current_News/BH/Wednesday/Sukan/20080625083017/Article/print_html (http://www.bharian.com.my/Current_News/BH/Wednesday/Sukan/20080625083017/Article/print_html)

It has been decided by Msia's cabinet that the reward for winning OG gold shall be MYR1 million, coming from government & private sources.

Kenaikan Imbuhan Olimpik


Individual

GOLD: RM1 million ( Old : RM160,000)
Silver: RM300,000 (RM80,000)
Bronze: RM100,000 (RM40,000)

Pension
Gold : RM 5,000 (Old : RM3,000)
Silver : RM 3,000 (RM1,500)
Bronze : RM 2,000 (RM1,000)
Pension is for whole life, till the winner breaths his last.

There's some inconsistent info on the when the pension starts, as eagle remember earlier report said after the player retires from he/her sport. Berita Harian said starts from right after winning the medal. After retiring from the sport makes more sense.

For Cheah SK, Yap KH, Razif & Jailani Sidek, Rashid Sidek, they will get this increased pension from July 2008 onwards.

The list states individual cos there's a different breakdown for teams of more than 6 players, Msia dont have representatives in those sports this coming OG.
Also.... not sure if the amount for MD, WD, is shared by 2 players or for each of them.

On a side note : Para OG althetes(disabled) finally get recognition. They will get $$$ too if they win medals in the 2008 Para OG Games :
Gold : RM300,000
Silver : RM200,000
Bronze : RM100,000

Is there badminton in Para Olympics?




Will disabled athlets who won medals get pension too? or just one time prize money? I think they are the ones who need pension money more than the regular athletes :)

[Oldhand]

[...]Is there badminton in Para Olympics?
No.

Although the Paralympic Games features 27 sports (including 20 summer sports), badminton is not in.

[eaglehelang]

Will disabled athlets who won medals get pension too? or just one time prize money? I think they are the ones who need pension money more than the regular athletes :)
OT :
Me agree :). The news articles did not say specifically yes or no, I looked at the articles from 3 different newspapers. Anyway, we will know later this year if & when Msia's Paralympic athletes win any medals.

And thanks for the answer Oldhand. No wonder dont have news on disabled atlhetes playing baddy, just track & field. If not, he he, we at BC will have more fun watching them play.

[jimbo]

The pension scheme looks lucrative and supportive. At least, it will ease their financial burden during their grey days. I am 100% agree that they deserve every single pennies from the pension schemes.

wah... RM$5000/month till he/she dies... that's a lot of money... hehe :D

[ctjcad]

..with that income, one can sure go, follow & watch all 12 Super Series.. and maybe hosts all BC gatherings..;)http://l.yimg.com/us.yimg.com/i/mesg/emoticons7/64.gif

[jimbo]

..with that income, one can sure go, follow & watch all 12 Super Series.. ;)http://l.yimg.com/us.yimg.com/i/mesg/emoticons7/64.gif

agree... but we must ask "fastdrop" first coz he attended 11 out of 12 SS in 2007 (I heard only... ya) :D:eek:

[eaglehelang]

..wah... RM$5000/month till he/she dies... that's a lot of money... hehe :D

He he, Jimbo ah, go make friend with silver medalist also, RM3,000/mth. Ask the "big boss" to introduce you, he he, then can follow them go watch SS :D:D:D. Yeah, ask uncle fastdrop 1st what's the budget.

I'm also glad the disabled athletes will get sthing at last & agree with Seasider that they should get pension also.
Would be interesting one day if Paralympic althetes take up baddy competitively. Can watch players playing baddy in wheelchairs (lower net of course) like basketball & cheering them on.;)

[X Ball]

Actually Jimbo, if you look at some of the politicians who do nothing and still earn heaps for their pensions, RM 5000/month is pittance.

[SibugiChai]

Actually Jimbo, if you look at some of the politicians who do nothing and still earn heaps for their pensions, RM 5000/month is pittance.

But politician gotta make lotta lies while players dont! :)

[Dato A]

But politician gotta make lotta lies while players dont! :)

No politic talk!!!:D:D:D

[Xenoy009]

Agree with the pension scheme but just don't feel good for de RM1mil reward..I mean it's good to reward & recognize..but too much $$$ can be 'root of evil' (just afraid)

[ants]

Rm5000 per month is nothing 3 years from now.

[Dato A]

Rm5000 per month is nothing 3 years from now.

Better than nothing....

[X Ball]

Rm5000 per month is nothing 3 years from now.


The ringgit is dropping to such low levels against other currencies, RM 5000 may be not useable at the end. The players should insist on Euros or British pounds.

[samuel882]

I dont think RM 1 million will be rewarder if there is a government change....
PR will try everything they can to save the cost for Rakyat

[X Ball]

I dont think RM 1 million will be rewarder if there is a government change....
PR will try everything they can to save the cost for Rakyat

How would you know they won't raise it to RM 2M ?:D

[jimbo]

Rm5000 per month is nothing 3 years from now.

What's the avg income for white collar in Msia? I'd be happy to receive RM$5000/month for the rest of my life :rolleyes:

[eaglehelang]

I dont think RM 1 million will be rewarder if there is a government change....
PR will try everything they can to save the cost for Rakyat

The RM1 mil will be from both government & private sources. There will be some private companies who'll be willing to contribute to the 1 mil, I'm sure, to be associated to the 1st OG Gold medalist for Msia.

[Pemuda]

Rm5000 per month is nothing 3 years from now.

Depends on one's lifestyle actually. If one is into clubbing every week, Gucci bags, Prada shoes, Armani clothes, Versace pants and all, then RM5,000/month is definitely not enough.

.... but anyway, money no matter how much is never enough.

[Pemuda]

Oh goody! The government will dish out RM1 million for an Olympic gold in Beijing. :D

So our government do have the cash indeed despite me reading somewhere that our government is 'not as rich as it was back in the early 90s' due to feedback from coffee shop talk and info from the street. ;)

[Dato A]

Oh goody! The government will dish out RM1 million for an Olympic gold in Beijing. :D

So our government do have the cash indeed despite me reading somewhere that our government is 'not as rich as it was back in the early 90s' due to feedback from coffee shop talk and info from the street. ;)

Gov already know there will be no athletes that r capable enough to earn that 1 million ringgit..:D:D:D

How is the payment arrangement when ahletes wins that gold medal? instalment or lump sum payment?

[eaglehelang]

Gov already know there will be no athletes that r capable enough to earn that 1 million ringgit..:D:D:D

How is the payment arrangement when ahletes wins that gold medal? instalment or lump sum payment?

He he, it's not government only like already stated in the press reports a few months ago & the latest one, it's government + private. For all we know, in the end, 70% come from private companies or amount also change, if government change again.:D:p

Payment arrangement they havent announce, there're suggestions from some sporting associations that it's paid by installments. Got win then only they will think wan lah.

[Dato A]

He he, it's not government only like already stated in the press reports a few months ago & the latest one, it's government + private. For all we know, in the end, 70% come from private companies or amount also change, if government change again.:D:p

Payment arrangement they havent announce, there're suggestions from some sporting associations that it's paid by installments. Got win then only they will think wan lah.

Maybe not 100% in cash. Like TC 92 Heroes....:D:D

[drifit]

Maybe not 100% in cash. Like TC 92 Heroes....:D:D
not bad.........
got land, got car :p:D:p:D

[eaglehelang]

Maybe not 100% in cash. Like TC 92 Heroes....:D:D

:D:D, maybe pay in installments in 50 years, & say cannot pass on to children, by then some players pass away already.
.....:p:p

[Dato A]

:D:D, maybe pay in installments in 50 years, & say cannot pass on to children, by then some players pass away already.
.....:p:p

I wonder why the opposition didnt sounds out their view on this matter? Waste of money lar blah blah blah:D:D:D

[eaglehelang]

I wonder why the opposition didnt sounds out their view on this matter? Waste of money lar blah blah blah:D:D:D

Opposition's too busy now :D. They save their breath till they really in power, after in power, just change the amount, no need debate2 :D:p.

[Dato A]

Opposition's too busy now :D. They save their breath till they really in power, after in power, just change the amount, no need debate2 :D:p.

Yes. when they r in power, maybe will decrease the reward:D:D