The 2017 Olympic Games are set to kick off on Sunday with the Philippines opening bid to host the 2024 Games in Tokyo, Japan.
The bid was presented by the Philippines Olympic Committee and the Asian Games Federation to IOC president Thomas Bach on Friday.
The Philippines is currently ranked 127th out of 192 countries in the world in terms of the number of sports and is currently hosting the Commonwealth Games in Rio de Janeiro, Brazil.
But this year the country is looking to join a new group of nations to host an Olympic Games, which has been touted as the “new gold standard”.
A total of 564 sports are being planned and the Philippine Olympic Committee has reportedly decided to launch the bid in March.
The 2018 Asian Games in Tashkent in Russia, which will also be held in 2019, are set for April.
The Asian Games are scheduled to be held from September 1-3, 2020 in Seoul, South Korea.
The Philippine bid has not yet been confirmed by the IOC, but it is likely that it will be announced on Sunday.
However, in the past, the Philippines has always been one of the countries that has been the most reluctant to bid for an Olympics.
In the past years, the country’s bid for the 2022 Winter Olympics was dropped due to the country being too busy with preparations for the Commonwealth and Olympics.