MANILA, Philippines – "Ang Panday" main star Sen. Ramon "Bong" Revilla Jr. announced that the highly successful film will have a sequel next year and it will also compete in the 2010 Metro Manila Film Festival (MMFF).

The 2009 MMFF best actor was so overwhelmed by the success of his movie that he and the film producers are already planning as early as now the "Ang Panday 2."

"Ang masasabi ko lang dahil sa resulta ng 'Panday' ngayon, abangan nila ang part 2 ng 'Panday,'" Revilla told ABS-CBN News.

Revilla admitted that it was risky to spend millions of pesos in the movie, but the gamble had paid off.

On the 4th day of the festival, "Ang Panday" reportedly earned a whopping P50 million in the box-office receipts. Aside from its earnings, the action-fantasy flick also took home 7 major awards, including best picture and best actor for Revilla.

"Sa nakita natin bawi na ang 'Panday,' first week pa lang. Kaya nagpapasalamat tayo sa lahat ng mga nanonood," Revilla said.

Aside from the sequel, the senator also disclosed that he is slated to do a Filipino version of "Voltes V," a hit Japanese anime television series in the 70s.

He said: "Ang Voltes V siguro year 2011 [pa]. Pero sisimulan na din ang shooting noon. Pero for December next year, 'Ang Panday 2.'"

Revilla, who is seeking reelection, said he is now shifting his focus to next year’s elections.

"Definitely I'm running for reelection. Doon na tayo, focus na tayo sa pangangampanya," Revilla said.