Manny Pacquiao, one of the most decorated boxers of all time, announced his retirement from the sport on Wednesday to concentrate on a run for the presidency in the Philippines.
A world champion in an unprecedented eight divisions, Pacquiao, 42, won title belts from flyweight all the way up to light middleweight.
Below are some facts about Pacquiao.
Embedded with team Pacquiao - in pictures
Humble beginnings
- Pacquiao was born in 1978 in Kibawe in the southern province of Bukidnon. He is one of six siblings raised in a single-parent family and lived in a shack. He quit school at 10. His full name is Emmanuel Dapidran Pacquiao and he is known in boxing by the nickname 'Pac-Man' and in the Philippines, "Pambansang Kamao" (The National Fist).
- He was introduced by a relative to boxing in General Santos City age 12 and took part in street fights where the winner received 100 pesos ($1.97) and the loser, 50 pesos. "I heard that when you fight, even when you lose, you have money," he said in 2015.
- When he was 14, he was a stowaway on a boat bound for the capital Manila, where lived on the streets and did construction jobs to earn money to send home.
- His talent as a boxer was recognised early on and age 16 he became a junior professional. Filipinos became familiar with him from bouts carried live on television.
Boxing career
- He won his first major title in 1998, age 19, with his World Boxing Council (WBC) flyweight title knockout of Thai Chatchai Sasakul, in Thailand, a title he retained five months later against Mexican Gabriel Mira.
- On his 21st birthday, Pacquiao added the vacant WBC international super bantamweight title, which he defended five times in the 17 months that followed.
- In June 2001, he added the International Boxing Federation (IBF) super bantamweight title on his United States debut at the MGM Grand Garden Arena in Paradise, Nevada, the venue for most of his fights in the following two decades. In the past 20 years, Pacquiao has fought in the Philippines only four times.
- As the only fighter to win world titles in eight different weight divisions, many consider Pacquiao the best pound-for-pound boxer of all time.
Politics and money
- Pacquiao had a net worth of $63 million at the end of 2020, according to his statement of assets and liabilities. His 2015 encounter with Floyd Mayweather remains the best-selling pay-per-view (PPV) fight in boxing history, grossing $410 million, and his 24 PPV bouts have generated 20 million buys.
- Pacquiao has juggled his boxing career with one in domestic politics, albeit with frequent absences while preparing for fights. In 2010, he won a seat in Congress at the second attempt and was reelected three years later, despite having one of the worst attendance records in the house.
- In 2016, Pacquiao won a seat in the higher profile Senate, where he co-authored a bill to repeal the death penalty and steadfastly backed President Rodrigo Duterte's bloody war on drugs, a campaign condemned by the international community for killing thousands of mostly urban poor Filipinos.
- He landed himself in hot water during campaigning for the senate, when he said gay couples were "worse than animals", resulting in sports giant Nike terminating its contract with him, despite Pacquiao apologising for the remark, which saw his opinion poll rating drop.
- Pacquiao this month announced he would run for the presidency.
Manny Pacquiao beyond the ropes series 2019
Part 1: A man who gives hope to the Philippines
Part 2: Turning 40 and no signs of slowing
Part 3: The final chapter - Broner, Mayweather and the fear of going on for too long
Zayed Sustainability Prize
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Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Meydan race card
6pm Dubai Trophy – Conditions(TB) $100,000 (Turf) 1,200m
6.35Dubai Trophy – Conditions(TB) $100,000 (Turf) 1,200m
1,800m
7.10pm Jumeirah Derby Trial – Conditions (TB) $60,000 (T)
1,800m ,400m
7.45pm Al Rashidiya – Group 2 (TB) $180,000 (T) 1,800m
8.20pm Al Fahidi Fort – Group 2 (TB) $180,000 (T) 1,400m
8.55pm Dubawi Stakes – Group 3 (TB) $150,000 (D) 1,200m
9.30pm Aliyah – Rated Conditions (TB) $80,000 (D) 2,000m
COMPANY%20PROFILE
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COMPANY%20PROFILE
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History's medical milestones
1799 - First small pox vaccine administered
1846 - First public demonstration of anaesthesia in surgery
1861 - Louis Pasteur published his germ theory which proved that bacteria caused diseases
1895 - Discovery of x-rays
1923 - Heart valve surgery performed successfully for first time
1928 - Alexander Fleming discovers penicillin
1953 - Structure of DNA discovered
1952 - First organ transplant - a kidney - takes place
1954 - Clinical trials of birth control pill
1979 - MRI, or magnetic resonance imaging, scanned used to diagnose illness and injury.
1998 - The first adult live-donor liver transplant is carried out
Racecard
5.25pm: Etihad Museum – Maiden (TB) Dh82,500 (Turf) 1,200m
6pm: Al Shindaga Museum – Handicap (TB) Dh87,500 (Dirt) 1,200m
6.35pm: Poet Al Oqaili – Handicap (TB) Dh95,000 (T) 1,400m
7.10pm: Majlis Ghurfat Al Sheif – Handicap (TB) Dh87,500 (D) 1,600m
7.45pm: Hatta – Handicap (TB) Dh95,000 (T) 1,400m
8.20pm: Al Fahidi – Rated Conditions (TB) Dh87,500 (D) 2,200m
8.55pm: Zabeel Trophy – Rated Conditions (TB) Dh120,000 (T) 1,600m
9.30pm: Coins Museum – Rated Conditions (TB) Dh95,000 (D) 1,600m
10.05pm: Al Quoz Creative – Handicap (TB) Dh95,000 (T) 1,000m
'The Batman'
Stars:Robert Pattinson
Director:Matt Reeves
Rating: 5/5
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
What is an FTO Designation?
FTO designations impose immigration restrictions on members of the organisation simply by virtue of their membership and triggers a criminal prohibition on knowingly providing material support or resources to the designated organisation as well as asset freezes.
It is a crime for a person in the United States or subject to the jurisdiction of the United States to knowingly provide “material support or resources” to or receive military-type training from or on behalf of a designated FTO.
Representatives and members of a designated FTO, if they are aliens, are inadmissible to and, in certain circumstances removable from, the United States.
Except as authorised by the Secretary of the Treasury, any US financial institution that becomes aware that it has possession of or control over funds in which an FTO or its agent has an interest must retain possession of or control over the funds and report the funds to the Treasury Department.
Source: US Department of State
SNAPSHOT
While Huawei did launch the first smartphone with a 50MP image sensor in its P40 series in 2020, Oppo in 2014 introduced the Find 7, which was capable of taking 50MP images: this was done using a combination of a 13MP sensor and software that resulted in shots seemingly taken from a 50MP camera.
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
Red Sparrow
Dir: Francis Lawrence
Starring: Jennifer Lawrence, Joel Egerton, Charlotte Rampling, Jeremy Irons
Three stars
The End of Loneliness
Benedict Wells
Translated from the German by Charlotte Collins
Sceptre
Key findings of Jenkins report
- Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
- Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
- Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
- Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
Top 10 most polluted cities
- Bhiwadi, India
- Ghaziabad, India
- Hotan, China
- Delhi, India
- Jaunpur, India
- Faisalabad, Pakistan
- Noida, India
- Bahawalpur, Pakistan
- Peshawar, Pakistan
- Bagpat, India
Company profile
Name: Infinite8
Based: Dubai
Launch year: 2017
Number of employees: 90
Sector: Online gaming industry
Funding: $1.2m from a UAE angel investor