MANILA - Senator Richard "Dick" Gordon and former Metro Manila Development Authority (MMDA) chairman Bayani Fernando on Tuesday announced that they will be running mates for the 2010 elections under a new party.

Dubbing themselves the "transformers", the two filed their certificates of candidacy at the Commission on Elections office in Intramuros, Manila past 2 p.m.

Gordon, who is running for president, said the tandem was formed Monday night after finding out that he and Fernando have similar views on issues.

"Walang tamad sa tambalang ito. Wala rin tanga sa tambalang ito. Hindi kami kapos. We may not have much money but we have enough. Besides we already know what happened to leaders who love money too much," Gordon told reporters.

Fernando said he decided to run for vice-president and give way to Gordon because of the senator's longer political experience. He said he approached Gordon Monday with the intention of asking him to be his running mate.

"I wanted to convince him to be my vice-president but he was the one who convinced me. Lumabas na mas magaling pala siya sa akin," Fernando said.

The surprise tandem said they will run under a newly-formed party Bagumbayan for a New Philippines Party. They said they will run without a senatorial slate.

The two called themselves "transformers" as a result of the changes they made in Subic bay and Marikina City as local government officials.

Fernando also joked that their tandem color -- blue and pink -- makes them look like the MMDA's footbridge.

Gordon also took potshots at his political opponents' penchant for using money and popularity to win votes.

"You cannot hide behind money and say you're going to win because of money. You cannot hide behind a birthright or pedigree because it is not enough to become president. Money has never been enough. You need proven leadership, proven tasks that have been fulfilled," he added.