Yip Pin Xiu gets $800,000 for 2 Paralympics golds; cash reward doubled as DBS named new sponsor

Yip Pin Xiu won the women’s S2 50m and 100m backstroke in the Tokyo 2020 Paralympic Games. PHOTO: Sport Singapore

SINGAPORE – DBS Bank has thrown its weight behind national Paralympic athletes by becoming sponsors in the Athletes Achievement Awards (AAA).

Their involvement in the award scheme, which is managed by the Singapore National Paralympic Council (SNPC), was announced at this year’s AAA & Appreciation Ceremony on Saturday (Oct 16) at the One Farrer Hotel.

It comes on the back of a spirited public debate about the disparity in cash incentives, with swimmer Yip Pin Xiu earning a $200,000 reward for each of the two gold medals she won at the Tokyo Paralympics, a fifth of the payout for an Olympic gold.

DBS will match the AAA scheme supported by primary sponsor, Tote Board, and the initial commitment will span two Paralympic Games cycles, until the 2024 Paralympic Games Paris.

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