Prime Minister Lawrence Wong taking a wefie with Minister for Culture, Community and Youth Edwin Tong and Team Singapore athletes at the Parliament House on Oct 16, 2024. (Photo: CNA/Mak Jia Kee)
SINGAPORE: The government leaves the cash incentives for major Games medals to the private sector, as it wants to focus on funding and supporting a “broader base” such as athlete development, said Minister for Culture, Community and Youth Edwin Tong on Wednesday (Oct 16).
Singapore’s S$1 million Olympic gold medal payout is known to be the highest globally – but while he applauded private corporations for helping raise this sum, Mr Tong said it does not help in other aspects of sports development.
“It is very good, but it is also rewarding people who are more or less at the end of the journey winning a gold medal,” said Mr Tong.
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Singapore’s S$1 million Olympic gold medal payout is known to be the highest globally – but while he applauded private corporations for helping raise this sum, Mr Tong said it does not help in other aspects of sports development.
“It is very good, but it is also rewarding people who are more or less at the end of the journey winning a gold medal,” said Mr Tong.
Read More…