After the long awaited rematch, Manny “Pacman” Pacquiao successfully snatched the World Boxing Council (WBC) Supper Featherweight Champion belt from Juan Manuel Marquez of Mexico today.

The fight which lasted 12 rounds, finished the “unfinished business between the two fighters which last saw fighting for the same belt 2 years ago. Here’s a cut of the article I read from GMANews.TV:

Pacquiao is new WBC super featherweight champ
03/16/2008 | 12:16 PM

Going the whole 12 rounds, Manny Pacquiao wrested the World Boxing Council super featherweight title from Juan Manuel Marquez in a thrilling rematch in fully-packed Mandalay Bay Hotel and Casino in Las Vegas, Nevada.

Pacquiao dominated the 10th round, managing to sneak in punches to the head of his already bleeding opponent, who had a cut over the right eye.

The last few seconds of ninth round saw both fighters getting really aggressive and trading punches in the face.

In the seventh round, both fighters inflicted punches that resulted in cuts under their eyes and entered the eighth round more aggressively trying to lunge at each other.

In the eighth round, Marquez landed two punches in Pacquiao’s face that clearly stunned the Filipino challenger.

Both fighters coasted through the fourth and fifth rounds of their 12-round rematch after thrilling their fans with an aggressive first three rounds at the Mandalay Bay Casino and Resort in Las Vegas on Saturday (Sunday in the Philippines).

In the third round, Pacquiao sent Marquez down on the canvas with a left cross to the jaw with just 19 seconds left.

Pacquiao entered the second round clearly the more aggressive fighter, but Marquez ended the round clearly in his favor, landing two punches in the face of Pacquiao just seconds before the bell sounded.

The rematch started off with the two fighters warily sizing up each other as expected, but the already very excited crowd got roused up when Marquez connected with a jab to the face of Pacquiao, who is out to wrest the World Boxing Council super featherweight from him.

The 29-year-old Pacquiao, in white trunks, weighed in at 129 lbs, while the 34-year-old Marquez, in black trunks, is at 130.

Pacquiao and Marquez entered the arena with an eager full-house audience composed mostly of Filipinos and Mexicans waving their respective national colors.

Ciara Sotto sang the Philippine national anthem Lupang Hinirang followed by Teo Gonzales who sang Mexico’s El Himno Nacional. Filipino American Jasmine Villegas sang the Star Spangled Banner.

The fight has been tagged Unfinished Business as it is widely seen as a continuation of the last bout of the two fighters in 2004, in controversial drawn bout, in which Pacquiao managed to knock down Marquez three times in the first round alone.

Marquez is not the favorite as far as betting odds are concerned. – GMANews.TV

Globalpinoy Chamber of Small and Medium Enterprises believes that a principal reason why the Philippines continues to lag behind its Asian neighbors in economic development is because of the lamentable absence of a wide-spread entrepreneurial orientation and a woeful lack of entrepreneurial skills among Filipinos. Even today, our youth are still brought up on the principle that the key to success is to get a good education preferably with impressive grades to be able to find good employment in big multinational companies. One look at our more successful Asian brothers will easily reveal that their economies were founded on local entrepreneurships, not employment.

There is therefore an urgent need to correct this anomaly that has left our country behind in economic development. This is most crucial as the whole world economy now faces the onslaught of globalization, a trend which cannot be stopped and will not be stopped.

Our country drastically requires the development of a mass-based entrepreneurial class if we are to survive globalization. A country of employees such as ours will always have a government that is beholden to multinational companies. On the other hand, a Philippines with a wide-based entrepreneurial class can exist on its own and could even wield companies hostage in this country.

The Philippine economy must be controlled by Filipinos. “Para umunlad ang ating bayan, kailangan umunlad ang negosyanteng pinoy.” This is the battlecry of the Globalpinoy Chamber of Small and Medium Enterprises. With every activity of Globalpinoys, we hope to spread the seeds of Filipino entrepreneurship to the four corners of the archipelago or wherever the Filipinos maybe.

But for the entrepreneurial class to flourish and succeed, we critically also need the cooperation and support of the government. Globalpinoy Chamber of Small and Medium Enterprises likewise commits itself to attempt to persuade government to implement laws and incentives conducive to the development and success of home-grown entrepreneurs.

With you, the local entrepreneurs, behind us, we will succeed finally in creating a powerful entrepreneurial class. YOU the local entrepreneurs of this country will be the next heroes of the Philippines!

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Para sa mga katanungan at paglilinaw, tumawag sa Telepono (632) 926-0860 o celphone +63920 425 9973 o magpadala ng email sa Globalpinoys@SerbisyoPilipino.org o magtungo sa tanggapan ng Globalpinoy Chamber of Small and Medium Enterprises, Inc. na matatagpuan sa #6 Bayanihan Drive, Project 8, Quezon City, Philippines.

Several Days ago