Pacquiao's defeat disappoints millions of Filipinos

Millions of Filipinos groaned in disappointment on Sunday as their national hero Manny Pacquiao lost to American rival Floyd Mayweather in the boxing megabout.

The nation of 100 million people ground to a halt as most people stopped to watch Pacquiao. Filipinos filled parks, squares, gymnasiums, cinemas and bars across the nation to watch Pacquiao's 12-round battle with Mayweather in Las Vegas, which he lost in a unanimous points decision that many at home deemed unfair and disappointing, reports Xinhua.

Thousands of people gathered in the main public square of Manila's Marikina suburb to watch the fight on a giant screen mounted on the back of a flat-bed truck.

In the southern port city of Zamboanga, loud boos echoed inside an army gymnasium where thousands of soldiers and their relatives also watched Pacquiao.

Total revenues of the fight were projected to reach as much as $400 million that had been dubbed the "Fight of the Century". Mayweather expected to rake in $200 million and Pacquiao was in line for a potential $100 million payday once revenue from sources, including pay-per-view television sales, was counted.

Pacquiao's rags-to-riches story, from high school dropout to millionaire world boxing champion in an unprecedented eight weight divisions, is a huge source of hope and pride in the Philippines.

Pacquiao is an "inspiration for every Filipino", President Benigno Aquino said in a statement before the fight.

Pacquiao, 36, leveraged his boxing popularity to get elected to parliament in 2010 and he has said he may run for president in the future.