Carlos Dominguez III

Carlos Dominguez III


Secretary of Finance
Incumbent
Assumed office June 30, 2016
President	Rodrigo Duterte
Preceded by	Cesar Purisima
Secretary of Agriculture
In office March 9, 1987 – 1989
President	Corazon Aquino
Preceded by	Ramon V. Mitra Jr.
Succeeded by	Senen C. Bacani
Minister of Natural Resources
In office December 2, 1986 – March 9, 1987
President	Corazon Aquino
Preceded by	Ernesto M. Maceda
Succeeded by	Fulgencio S. Factoran
Personal details
Born	Carlos Garcia Dominguez III (1945-09-16) September 16, 1945 Zamboanga, Zamboanga, Philippine Commonwealth
Nationality	Filipino
Spouse(s)	Cynthia Andrews
Alma mater	Ateneo de Manila University Stanford University
Profession	Businessman

Carlos "Sonny" Garcia Dominguez III (born September 16, 1945)^[1] is a Filipino businessman and former chief executive of Philippine Airlines who is the 31st Secretary of Finance under President Rodrigo Duterte. He had previously held the position of Secretary of Agriculture and Minister of Natural Resources under the Corazon Aquino presidential administration.^[2] Prior to his appointment to President Duterte's Cabinet, he had served as executive director of PTFC Redevelopment Corp., as independent director of Alsons Consolidated Resources, and as director of United Paragon Mining Corp.^[3] His family owns Marco Polo Hotel in Davao City, one of the top hotels in southern Mindanao.^[4]

Early life and education

Dominguez comes from a prominent Zamboangueño family in Davao City. Born on September 16, 1945 in Zamboanga, he is the son of Carlos Dominguez II and Virginia Anderson Garcia. His grandfather Carlos Dominguez Sr. was a pre-World War II manager of the Bank of the Philippine Islands (BPI) in Zamboanga.^[5] He grew up in Davao and attended elementary and high school at the Ateneo de Davao University where he was a classmate of Rodrigo Duterte.^[6] He moved to Manila for his college studies at the Ateneo de Manila University. Dominguez graduated with a Bachelor of Science degree in Economics in 1965 and received a Master of Business Administration from the same university in 1969. He also pursued post-graduate studies in California, U.S. where he completed the Executive Program from Stanford University's Graduate School of Business in 1982.^[3]

Career and businesses

Earlier in his career, Dominguez joined the Bank of the Philippine Islands after receiving his Ph.D. from Stanford. He was President of the BPI Agricultural Development Bank for two years before being invited by President Corazon Aquino to join her new government. He assumed the leadership of the Ministry of Natural Resources in 1986 and the Department of Agriculture in 1987 while also serving as Director of the government-owned Land Bank of the Philippines.^[6]^[3]

After leaving government service in 1989, Dominguez entered the tobacco, real estate, retail, mining and energy industries and served in various executive positions in companies such as the Retail Specialist, Inc., Philippine Tobacco Flue-Curing and Redrying Corp., Baesa Redevelopment Corp., Halifax Capital Resources, and United Paragon Mining Corp. He joined the Philippine Airlines in 1993 and served as its Chairman until 1995.^[3]

In his long business career after government, Dominguez also worked as Chairman and Director of RCBC Capital Corp. (House of Investments) and President of Shangri-la Plaza Corp., Northern Mindanao Power Corp., Easycall Communications Philippines, Lafayette Philippines, Transnational Diversified Group, Central Azucarera de Don Pedro and as Independent Director of Roxas Holdings. From 2001 to 2003, he served as Director of Meralco.^[3] He was also recently involved in the 2016 presidential campaign of his childhood friend and high school classmate Rodrigo Duterte as his fundraising and campaign finance manager.^[6]

Personal life

Dominguez is married to Cynthia "Ball" Andrews Dominguez, the daughter of the late Col. Antonio Andrews of the PAF Flying School Class of 1949, and one of the pioneers of the Philippine Air Force. They have four children, Rafael, Mary Edwina, Ignacio and Xavier.^[7]

References

↑ "Cabinet – DuterteWatch". Sun.Star. Retrieved 11 August 2016.
↑ Amio A./PNA (19 May 2016). "Dominguez accepts Finance post; Aguirre is incoming DOJ chief". Manila Bulletin. Retrieved 4 July 2016.
1 2 3 4 5 "Carlos Garcia Dominguez BA, MBA, Ph.D.: Executive Profile & Biography". Bloomberg L.P. Retrieved 4 July 2016.
↑ Dancel, R. (16 May 2016). "Philippine President-elect Rodrigo Duterte's men". The Straits Times. Retrieved 4 July 2016.
↑ "BPI Foundation". Bank of the Philippine Islands. Retrieved 11 August 2016.
1 2 3 Macas, T. (9 May 2016). "Duterte hints at possible Cabinet appointments". GMA Network. Retrieved 4 July 2016.
↑ Farolan, R. (16 May 2016). "Sonny Dominguez lugs his own garment bag". Philippine Daily Inquirer. Retrieved 4 July 2016.

Political offices
Preceded by Ernesto M. Maceda	Minister of Natural Resources 1986–1987	Succeeded by Fulgencio S. Factoran
Preceded by Ramon V. Mitra Jr.	Secretary of Agriculture 1987–1989	Succeeded by Senen C. Bacani
Preceded by Cesar Purisima	Secretary of Finance 2016–present	Incumbent
Order of precedence
Preceded by Salvador Medialdea as Executive Secretary of the Philippines	Order of Precedence of the Philippines as Secretary of Finance	Succeeded by Vitaliano Aguirre II as Secretary of Justice

Current Finance Ministers of the Asia-Pacific Economic Cooperation

Morrison Bolkiah Morneau Valdés Xiao Tsang Indrawati Asō Yoo Johari Meade English Marape Thorne Dominguez Siluanov Heng Sheu Tantivorawong Lew Dung

Cabinet of President Rodrigo Duterte

Cabinet

Office	Name	Term	Office	Name	Term
Executive Secretary	Salvador Medialdea	2016–	Secretary of Interior and Local Government	Ismael Sueno	2016–
Secretary of Agrarian Reform	Rafael V. Mariano	2016–	Secretary of Justice	Vitaliano Aguirre II	2016–
Secretary of Agriculture	Manny Piñol	2016–	Secretary of Labor and Employment	Silvestre Bello III	2016–
Secretary of Budget and Management	Benjamin Diokno	2016–	Secretary of National Defense	Delfin Lorenzana	2016–
Secretary of Education	Leonor Briones	2016–	Secretary of Public Works and Highways	Mark Villar	2016–
Secretary of Energy	Alfonso Cusi	2016–	Secretary of Science and Technology	Fortunato de la Peña	2016–
Secretary of Environment and Natural Resources	Gina Lopez	2016-	Secretary of Social Welfare and Development	Judy Taguiwalo	2016–
Secretary of Finance	Carlos Dominguez III	2016–	Secretary of Tourism	Wanda Corazon Teo	2016–
Secretary of Foreign Affairs	Perfecto Yasay Jr.	2016–	Secretary of Trade and Industry	Ramon Lopez	2016–
Secretary of Health	Paulyn Ubial	2016–	Secretary of Transportation	Arthur Tugade	2016–
Secretary of Information and Communications Technology	Rodolfo Salalima	2016–

Cabinet-level

Office	Name	Term	Office	Name	Term
Vice President	Leni Robredo	2016–	Presidential Spokesperson	Ernesto Abella	2016–
Presidential Management Staff Director-General	Christopher Go	2016–	Presidential Adviser on National Security	Hermogenes Esperon	2016–
Secretary of Presidential Communications	Martin Andanar	2016–	Chief of Staff of the Armed Forces	Ricardo Visaya	2016–
National Economic and Development Authority Director-General	Ernesto Pernia	2016–	Presidential Adviser on the Peace Process	Jesus Dureza	2016–
Secretary to the Cabinet	Leoncio Evasco Jr.	2016–	Presidential Assistant for the Visayas	Michael Diño	2016–
Chief Presidential Legal Counsel	Salvador Panelo	2016–	Lead Convenor of National Anti-Poverty Commission	Liza Maza	2016–

*as Acting Secretary
See also: Presidential transition of Rodrigo Duterte and Presidency of Rodrigo Duterte

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