0515_Manny-Pacquiao_President-Benigno-Aquin_TMZA really bad May just got worse for Manny Pacquiao … ’cause the president of his beloved Philippines is telling Pacman he needs to RETIRE … before he gets SERIOUSLY hurt.

Benigno Aquino III, the top man in Manila, reportedly made the statements to Bombo Radyo in the Philippines … saying he thinks it’s time for the 36-year-old Pacquiao to think of his long term health over ring glory.

According to Filipino reports (translated from Tagalog) … the Prez didn’t stop there, going on to say that Manny need look no further than Muhammad Ali — who fought until age 39 — for an example of a fighter who held on too long … and paid the price for it.

“One of the most tragic examples, perhaps, was when I saw (Ali) lighting the Olympic torch with his hand shaking.”

Aquino also said that the Filipino fans — who worship Pacman — should be understanding of the fact that the magic can’t last forever … and allow the superstar to retire in peace.

“If we will push him (and say) that ‘No, there should be a rematch, you have to take a gamble again’, I think we will not be showing debt of gratitude to the person.”

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