This is being proposed by a solon to the Philippine Games and Amusements Board (GAB) (by suspending Pac's license) because it is "clearly mismatched". Read on: http://www.gmanews.tv/story/122654/Solon-asks-GAB-to-stop-Pacquiao-from-fighting-De-la-Hoya Can a government actually do this?
That doesn't really make much sense as the fight is in Vegas and should be licensed by the Nevada State Athletic Commission. As long he has clearance in that state the fight should still be on.
"Filipino politician, Rep. Rufus Rodriguez, of Cagayan de Oro City, has asked local boxing officials to cancel Manny Pacquiao’s license to fight This content is protected in his Dec. 6 showdown against Oscar De La Hoya. His requests were shot down." All this exposure is really going to kill the chances of this fight ever taking place