Carlos Dominguez

    Carlos Dominguez is the 31st Finance Secretary under Rodrigo Duterte. He is a Filipino businessman and former chief executive of Philippine Airlines. He had previously held the position of Secretary of Agriculture and Minister of Natural Resources under the Corazon Aquino presidential administration.

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    Pagcor casino privatization to start next year

    The privatization of casinos operated by Philippine Amusement and Gaming Corp. (Pagcor) may start as early as next year, according to comments from Finance Secretary Carlos G. Dominguez III. First on the radar are 17 Casino Filipino locations, said Dominguez, speaking to local media.  “We are working on the Pagcor deal, the first item is […]

    Government chases P6.9 billion from PCSO

    The Department of Finance (DOF) in the Philippines says it plans to collect P6.9 billion in unpaid dividends from the Philippine Charity Sweepstakes Office (PCSO), Philstar reports. In an interview, Finance Secretary Carlos Dominguez said the DOF is in discussions with a number of government corporations including the Philippine Deposit Insurance Corp. (PDIC), Power Sector […]

    Pagcor to sell casinos, issue licenses outside Manila

    The Philippines government has directed Philippine Amusement and Gaming Corp. (Pagcor) to sell its casinos in order to raise funds to support the proposed P3.4-trillion 2017 national budget, local media reports. “Finance Secretary Carlos Dominguez has told us to privatize Pagcor-owned casinos,” Andrea Domingo, Pagcor chairperson, told a House budget hearing. “We are now preparing […]

    DOF to re-approach privatization of PAGCOR casinos

    The Philippines’ Department of Finance is renewing its push to privatize the country’s state-owned casinos, a move that could earn the government around P300 billion (US$5.8 billion) yearly, local media reports.  Finance Secretary Carlos Dominguez III made the comment at a senate hearing after Senate Minority Leader Franklin Drilon said that privatizing the gaming industry […]