Philippine boxing star Manny Pacquiao will be making a run for president of his country in next year's election.
What Happened: Pacquiao, 42, is a senator in the Philippines' parliament and has accepted the nomination of a faction of the ruling party, PDP-Laban. He has pledged to campaign against poverty and corruption, although it is not clear which of the PDP-Laban factions will be recognized by the country's electoral commission for the 2022 election.
Incumbent Rodrigo Duterte is barred from another term but has been picked by a rival party faction to run for vice-president, alongside a close ally, Christopher "Bong" Go, but Go says he does not want to succeed Duterte.
What’s Next: "I am a fighter and I will always be a fighter inside and outside the ring. In my whole life, I have not backed out of a fight,” Pacquiao said during his acceptance speech. “Because in the name of principle, the nation's pride, I stand reaffirmed and strong."
Pacquiao also has a warning for Philippine government officials accused of corruption. "Your time is up! We gave you a chance, but you failed us. We waited for a long time, decades have passed, but nothing happened," he said.
The eight-division world boxing champion lost in a unanimous decision to WBA super welterweight champion Yordenis Ugas last month in Las Vegas. Pacquiao was among the world’s highest-paid athletes in 2019, according to Forbes.
Photo: Courtesy of Pixabay
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.