A gold medal at the Beijing Olympics is worth RM1 million!
Our athletes never had it so good. Not only they get monthly allowances and other perks, but the National Sports Council has also reviewed its incentive scheme called Shakam, or Skim Hadiah Kemenangan.
If Josiah Ng wins the keirin or sprint event in Beijing, he will become a millionaire!
A silver medal is worth RM300,000 while a bronze RM100,000. This was announced by Deputy Prime Minister Datuk Seri Najib Tun Razak after chairing the Cabinet Committee on Sports Development a short while ago.
The previous amount under the scheme was RM160,000 for gold, RM80,000 for silver and RM40,000 for bronze.
There are only five Malaysian medal winners at the biggest stage of all, and that too came after badminton was introduced in Barcelona'92.
They are Razif-Jalani Sidek (bronze medal in 1992), Cheah Soon Kit-Yap Kim Hock (silver in 1996) and Rashid Sidek (bronze in 1996). They are beneficiaries of a pension scheme introduced during Datuk Seri Azalina Othman Said's time.