Pacquiao retires from boxing, chases presidency

Philippine boxing superstar Manny Pacquiao says he is retiring from the ring. He earlier said he will run for president in next year's election.

Pacquiao made the announcement in a video posted to his social media on Wednesday.

"It is difficult for me to accept that my time as a boxer is over. Today, I am announcing my retirement," he said.

The 42-year-old was born into a poor family in the south of the Philippines. But he went on to hold world titles in different divisions as a pro boxer.

Pacquiao has also been spending time in politics. Currently he is a senator. Pacquiao said last week that he will run for president in 2022.
He has criticized the administration of President Rodrigo Duterte for abuse of power and corruption. He is calling for unity to bring about reforms.

The president's eldest daughter, Davao City Mayor Sara Duterte, is seen as a possible candidate. Manila Mayor Francisco Domagoso has also joined the race. He is best known by his stage name of Isko Moreno.

President Duterte says he will run for the vice presidency. He apparently aims to retain influence over the next administration.
Registration of candidates will begin next month.