The Philippine government will hand the gymnast 10 million Philippine pesos ($173,300; £135,400).
Idman.biz reports that President Ferdinand Marcos Jr. congratulated Yulo on his social media account.
"We've witnessed history as Carlos Yulo clinched the Philippines' first Gold medal in artistic gymnastics at the Paris 2024 Olympics. Congratulations, Caloy! The entire country stands proud of you!"
A real estate firm has promised him a fully furnished three-bedroom unit at McKinley Hill, the largest condominium development in metropolitan Manila.
Idman.biz
