The national team’s main goal was to win the 1998 Asian Games basketball tournament and to reclaim Philippine basketball supremacy in Asia. The team started the tournament by winning four games in a row and finished with a 5-2 record losing to China and Korea, but they were able to capture the Bronze medal in the play-offs.
Overall, the national basketball achievements of 1998 include the William Jones Cup and the Asian Games bronze medal. This team was the third PBA-backed national team that followed the 1994 national team (finished fourth) and the 1990 national team (finished second – Silver Medal), and preceded the 2002 national team that finished fourth in the Asian Games.
Allan Caidic and Alvin Patrimonio both have the rare distinction of having participated in four straight Asian Games basketball tournaments since 1986. They donned the national team colors in the 1986, 1990, 1994 and 1998 Asiad.
Caidic also became the only Filipino player to win the William Jones Cup twice, once as an amateur in 1985 and once as a professional in 1998
Jojo Lastimosa was also a member of the 1986 Philippine team that won the bronze medal in 1986 Asian games