MANILA, Philippines - Businessman Joey de Venecia, son of former House Speaker Jose de Venecia Jr., has dropped his plan to run for senator in the 2013 elections.
In a statement, De Venecia said that instead of running for senator, he will focus his energies on his business interests particularly in the BPO sector.
"I have therefore decided not to run for the Senate in 2013. Instead, I will pursue these immediate business endeavors bringing investments and jobs to our country. In so doing, I shall have achieved through business what I will only begin achieving through the Senate," he said.
De Venecia said he had been reflecting on his senatorial candidacy for the past month after he was included in the senatorial line-up of the United Nationalist Alliance (UNA). He thanked Vice President Jejomar Binay, Senate President Juan Ponce Enrile and former President Joseph Estrada for their support.
He also did not rule out a possible senatorial bid in the future.
"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 prepare myself for the Senate," he said.
He noted that a recent Laylo Research Strategies survey "placed me tied for the 13th position without my having to engage in any form of campaigning or broad public exposure."
This is contrary to a recent Pulse Asia survey that placed him at rank 17-23 in a field of 36 possible senatorial bets.