President-elect Ferdinand Marcos Jr. is reportedly inclined to appoint Bangko Sentral ng Pilipinas Governor Benjamin Diokno to become the next Secretary of the Department of Finance.
Finance Secretary Carlos Dominguez III said a massive infrastructure buildup, complemented by heavy investments in human capital formation and social protection for the poorest families, is the only way to shield the next generation of Filipinos from economic stagnation and preclude them from suffering the consequence of the huge infrastructure gap and insufficient spending on anti-poverty programs.
Finance Secretary Carlos Dominguez III said here Thursday that now is the best time to invest in the economies of the 10-nation Association of Southeast Asian Nations (ASEAN) that are expected to collectively become a strong driver of global growth in the next decade.
Assistant Secretary Paola Alvarez of the Department of Finance (DOF) said Thursday that Finance Secretary Carlos Dominguez III had only performed a “routine ministerial duty necessitated by the change in administration” in giving the go-ahead to the loan agreement for a project that was actually implemented exclusively by the Department of Interior and Local Government (DILG) and approved in the past Aquino government.
Finance Secretary Carlos Dominguez III said the latest positive outlook of Fitch Ratings on the Philippines is proof enough that the political noise has “failed to dent” the country’s growth story resulting from its strong macroeconomic performance and continued political stability amid the Duterte administration’s reform agenda and tough war on illicit drugs and other crimes.
President Rodrigo Duterte is urging Finance Secretary Sonny Dominguez to accept Mighty Corp.’s compromise offer of P3 billion to pay for his back taxes because he needed the money now to build hospitals in Jolo and Basilan and relocate thousands of squatters.
Finance Secretary Carlos “Sonny” Dominguez has been wealthy long before he became a businessman and held executive positions in companies.
President Duterte has given his full backing to the Comprehensive Tax Reform Program (CTRP), which will play a pivotal role in his government’s ambitious agenda to dramatically reduce poverty, achieve economic inclusion and catapult the country into an upper middle-income economy by the time he steps aside in 2022, according to Finance Secretary Carlos Dominguez III.
President Rodrigo Duterte has admitted that not all is well in the Cabinet as officials with Communist leanings sometimes engage in heated debates with those who don’t share their beliefs during meetings.
The guessing game is over as to who will snag the plum ambassadorship to the United States after Philippine Star columnist and media executive Jose Manuel “Babe” Romualdez accepted President Rodrigo Duterte’s offer to be the country’s envoy to Washington.
