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‘Domingo quitting won’t affect meet’

THE resignation of Trade and Industry Secretary Gregory Domingo will not affect the country’s hosting of the Asia-Pacific Economic Cooperation meetings, Malacañang said Sunday.

In a text message, Communications Secretary Herminio Coloma Jr. said Finance Secretary Cesar Purisima, Socio-economic Planning Secretary Arsenio Balisacan, Domingo and other members of the Cabinet’s economic cluster were working with Executive Secretary Paquito Ochoa Jr. to make the hosting of the APEC meetings a success.

Coloma on Saturday confirmed that Domingo had submitted his resignation to President Benigno Aquino III, and that it was “under consideration.”

Deputy presidential spokeswoman Abigail Valte said Domingo had a capable team at the Department of Trade and Industry that handles trade-related matters in APEC.

Aquino appointed Domingo Trade and Industry secretary on June 30, 2010.

As DTI secretary, Domingo served as vice chairman of the Board of Investments and was a board member of several government-owned and controlled corporations.

Before becoming DTI secretary, Domingo was the managing director and treasurer of Chase Manhattan Bank, Manila.

Domingo had also served as managing director of Chemical Bank in New York.

He was also head of portfolio manager for Chase Manhattan Bank’s $14-billion proprietary investment portfolio of fixed income securities and derivatives.

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