Realizing his chances of winning in the 2010 presidential elections because of insufficient political funds, former Public Works Secretary Hermoneges Ebdane Jr. backed out of the race.
Ebdane made his announcement, which caught many by surprise, in a press briefing at the UP Bahay ng Alumni in Quezon City.
“After much reflection, I have decided to formally end my presidential bid. I have come to this decision to spare my friends, supporters and my family from the agony and burden of joining a fight which we cannot win,” Ebdane said.
Ebdane is the second presidential bet to quit the race after Senator Francis “Chiz’’ Escudero earlier withdrew his bid.
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