GENERAL SANTOS, Philippines // Philippine boxing hero turned-congressman Manny Pacquiao had three more relatives elected to public office today, but a representative for the star downplayed suggestions he was creating his own “political dynasty”.
The Commission on Elections said that two of the boxing superstar’s brothers, along with a sister-in-law, won village council seats in their home city of General Santos in the country’s south.
Rogelio and Bobby Pacquiao were elected councillors in separate districts of the city in polls held Monday, while Bobby’s wife, Lorelei, won re-election as village chief.
Although villages are the smallest government units, seats are hotly contested and considered the first step in building a crucial grassroots network for politicians aspiring to higher office.
It is common practice among Filipino politicians to have their relatives also run for office to put a “dynasty” in place in the hope of expanding their influence and keeping them in power.
The 34-year-old Manny Pacquiao, who recently expressed hopes of becoming president, has used the fame and riches generated from his boxing to launch a successful political career.
The high school dropout won a seat representing the impoverished southern province of Sarangani in 2010, and was re-elected unopposed in May.
His wife Jinkee was elected vice-governor of Sarangani, also in May.
The boxing hero’s chief of staff, Franklin Gacal denied that Pacquiao was trying to install his own political dynasty.
“Barangay district elections are non-partisan and are premised on ‘bayanihan’ spirit, a Filipino custom of helping one another in your community,” he said.
Manny Pacquiao was widely criticised after he said in July that he hoped to run for president.
Critics said he appeared ignorant of the law, which sets 40 the minimum age for a presidential candidate, making him too young for the next elections in 2016. Political analysts also said his skimpy record as legislator did not improve his chances for the presidency.
The boxer later clarified that he was aware of the minimum age limit and had no plans to run for the presidency in 2016.
Detractors have also said that his political ambitions have distracted him from boxing, leading to consecutive defeats to Mexican rival Juan Manuel Marquez last December and American Timothy Bradley in June.
He is now training furiously to redeem himself when he meets American Brandon Rios in Macau next month.
* Agence France-Presse
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How will Gen Alpha invest?
Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.
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Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.
He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.
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Water waste
In the UAE’s arid climate, small shrubs, bushes and flower beds usually require about six litres of water per square metre, daily. That increases to 12 litres per square metre a day for small trees, and 300 litres for palm trees.
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A global report published by the Water Resources Institute in August, ranked the UAE 10th out of 164 nations where water supplies are most stretched.
The Emirates is the world’s third largest per capita water consumer after the US and Canada.
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