Carlos Dominguez III

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Carlos García Domínguez III (born 16 September 1945) is a Filipino businessman and government official. He is the secretary of the Department of Finance under the administration of President Rodrigo Duterte.[1]

Dominguez was the secretary of the Department of Environment and Natural Resources and then the Department of Agriculture during the administration of President Corazon C. Aquino. He was the chairman of Philippine Airlines from 1993 to 1995 and a director of Meralco from 2001 to 2003. Dominguez’s family owns the Marco Polo Hotel in Davao City.

Early life and education

Carlos Dominguez III was born on 16 September 1945 in Zamboanga City to Carlos Dominguez II, a manager of the Bank of the Philippine Islands in Zamboanga before World War II, and Virginia Ubeda Garcia. His family settled in Davao City, where he would grow up. He finished his elementary and high school education at the Ateneo de Davao University, where he was classmates with President Rodrigo Duterte. He received his bachelor’s degree in economics in 1965 and his master’s degree in business administration in 1969 from the Ateneo de Manila University. Dominguez completed the executive program of Stanford University’s Graduate School of Business in 1982.

Career and businesses

After completing the executive course at Stanford in 1982, Dominguez joined the Bank of Philippine Islands (BPI). He served as president of the BPI for two years before President Corazon C. Aquino invited her to work as secretary of the Department of Environment and Natural Resources in 1986. In 1987, he was appointed secretary of the Department of Agriculture while concurrently working as director of the Land Bank of the Philippines.

Dominguez left government service in 1989 and went on to work in real estate, tobacco, retail, mining and energy. He held various executive roles in companies such as the Philippine Tobacco Flue-Curing and Redrying Corp., Retail Specialist, Inc., Baesa Redevelopment Corp., United Paragon Mining Corp., and Halifax Capital Resources. He became chairman of Philippine Airlines in 1993 and held the position until 1995.

Other executive roles he held were as chairman and director of RCBC Capital Corp. (House of Investments) and president of Shangri-la Plaza Corp., Northern Mindanao Power Corp., Lafayette Philippines, Easycall Communications Philippines, Central Azucarera Don Pedro, and Transnational Diversified Group. He was also an independent director at Roxas Holdings.

Dominguez was director of Meralco from 2001 to 2003. He was Rodrigo Duterte’s fundraising and campaign finance manager when the then Davao City mayor ran for president of the Philippines in 2016.[2]

Personal life

Dominguez is married to Cynthia Andrews, a daughter of Col. Antonio Andrews, one of the first officers of the Philippine Air Force. Their children are Rafael, Mary Edwina, Ignacio and Xavier.[3]


  1. Sun.Star. Archived from the original on 21 August 2016. Retrieved 11 August 2016.
  2. The Straits Times. Retrieved 4 July 2016.
  3. Farolan, R.. "Sonny Dominguez lugs his own garment bag", Philippine Daily Inquirer, 16 May 2016.