DAVAO CITY (MindaNews/August 10) –A total of P300,000 in cash prizes and other incentives including FIDE ratings and a National Master title will be at stake in the 3rd Prospero Pichay Sr. Memorial Chess tournament, which unfolds on Saturday (August 12) at the SSPSC-SSIT Campus convention hall in Cantilan, Surigao Del Sur. The champion gets P100, 000 while the next three finishers will take home P50, 000, P25, 000, and P15, 000 respectively. Fourth and fifth runner-ups will get P10, 000 and P8, 000.Non-rated or titled players will also have a chance for a Fide rating and getting a National Master title, organizers said.