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Manny Pacquiao announces retirement, officially hangs up his gloves

 The Filipino boxing champ has officially hangs up his gloves after he announced his retirement of Wednesday.

In more than 14-minute video, the eight-division world champion said: "As I hang up my boxing gloves, I would like to thank the whole world, especially the Filipino people, for supporting Manny Pacquiao. Goodbye boxing." 

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

His announcement came weeks after he lost fight against Cuban Yordenis Ugas in Las Vegas. Pacquiao, who entered politics in 2021 as a congressman before being elected to the Senate, also announced last week that he will run for the country's highest position in the May 2022 elections. 

"Thank you for changing my life, when my family was desperate, you gave us hope, you gave me the chance to fight my way out of poverty," said Pacquiao. "Because of you, I was able to inspire people all over the world. Because of you I have been given the courage to change more lives."

Pacquiao's rag-to-riches life story has inspired many people and have brought honor to many Filipinos. 

He left his impoverished home in the southern Philippine as a teenager and stowed away on a ship bound for Manila. He made his professional boxing debut as a junior in 1995, at the age 16, fighting his way out of abject poverty to become one of the world's highest-paid athletes.

"I will never forget what I have done and accomplished in my life. I can't imagine I just heard the final bell."

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