The Philippines' boxing star and Senator Manny Pacquiao is running for president, announcing his candidacy for next year’s elections. He presents a potential obstacle to President Rodrigo Duterte’s succession plans as the race for the top post takes shape. A faction of the ruling PDP-Laban party nominated Pacquiao in a video-streamed national convention. Earlier this month, another camp in the PDP-Laban led by Energy Secretary Alfonso Cusi named Senator Christopher “Bong” Go as its pick for the elections, with Duterte as his running mate. “I’m a fighter and will always be a fighter, inside and outside of the ring,” Pacquiao said at the event. “All my life, I haven’t backed down from any fight. Nothing is impossible if it’s ordained by God.”  Pacquiao’s presidential bid is seen by analysts as a threat to Duterte’s candidate in 2022, as the boxer could split the vote in the southern island that both come from, opening the door for opposition figures. Pacquiao ranked fifth among 15 possible presidential candidates in a June survey by PulseAsia. The Filipino boxer has been a senator since 2016 and also served as a congressman. He was once a loyal ally to Duterte, defending the president’s deadly drug war and death penalty push. Recently, however, Pacquiao has criticized the administration for alleged corruption and its South China Sea stance, amid a split in the ruling party. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Subscribe to our newest channel Quicktake Explained: https://bit.ly/3iERrup Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake