Press Release
October 12, 2016

Co-Sponsorship Speech
Confirmation of Appointment of
Finance Secretary Carlos Garcia Dominguez III

Mr. President,

As Chairperson of the Senate Committee on Finance, I have the honor to co-sponsor the confirmation of appointment of Carlos Garcia Dominguez III as Secretary of the Department of Finance (DOF).

Secretary Carlos Dominguez III is chiefly responsible for the formulation of the government's 10-point socio-economic agenda and is thus recognized as the head of President Rodrigo Roa Duterte's economic management team.

Given his strong background in economics and in the private sector as a successful businessman, Secretary Dominguez is more than qualified to be at the helm of the DOF as it works with Congress in ensuring the passage of a comprehensive tax reform program to achieve a "pro-growth, pro-poor and balanced economic development strategy."

After assuming the leadership of the Ministry of Natural Resources in 1986 and the Department of Agriculture from 1987 to 1989 where he also served as Director of the Land Bank of the Philippines, Secretary Dominguez was able to carve a long career in business where he served as Chairman and Director of RCBC Capital Corporation and President of several companies.

This extensive experience in both the public and private sector, apart from his extensive education in both Ateneo de Davao and Ateneo de Manila Universities and Stanford University, gives me confidence that Secretary Dominguez is more than qualified to take the helm of the DOF and be a partner of President Duterte in achieving his vision for the country.

It is for these reasons that I move that the ad interim appointment of the Honorable Carlos Garcia Dominguez III as Secretary of the Department of Finance (DOF) be confirmed.

Thank you, Mr. President.

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