Joey de Venecia drops senatorial bid-A A +A
Monday, October 1, 2012
MANILA -- Businessman Joey de Venecia decided to withdraw from the senatorial race to focus on bringing investments to the country in the field of business process outsourcing.
His decision came at the start of the filing of certificate of candidacy (COC) on Monday, when he is supposed to run under the United Nationalist Alliance (UNA) of Vice President Jejomar Binay and former President Joseph Estrada.
"My time in the Philippine Senate will come. It is clear to me that public service is part of my life's mission. I will continue to work for the prosperity of as many Filipinos as possible and at the appropriate time in the future to prepare myself for the Senate," he said in a statement.
De Venecia, who rose to prominence in 2007 for revealing the involvement of ex-President Gloria Macapagal- Arroyo in the graft-tainted NBN-ZTE deal, feared that he may not be able to lure private investment if he will pursue his senatorial ambition today.
De Venecia is the executive vice president of Partido Demokratiko Pilipino-Lakas ng Bayan (PDP-Laban), which coalesced with Estrada's Pwersa ng Masang Pilipino (PMP) for the 2013 elections.
He also ran in 2010 but lost. (Virgil Lopez/Sunnex)