Francisco Tiu Laurel Jr. Wiki, Biography: President Ferdinand Marcos Jr. is newly appointed in the Department of Agriculture and he is renowned as the president of Frabelle Fishing Corporation.
Nowadays, people are very curious to know about President Ferdinand Marcos Jr. so we’ve decided to provide all the personal information in this blog.
UPDATED. President Ferdinand Marcos Jr. attested to the new DA secretary’s character, having “known him since we were boys.”
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Francisco Tiu Laurel Jr. Wiki, Biography, Age, Career, Wife, And More
Francisco Tiu Laurel Jr. was born in 1966, a year after his parents, Francis and Bella Tiu-Laurel, established Frabelle as a small trawl fishing company in the Philippines.
Today, Frabelle has expanded its operations into the Western and Central Pacific regions, where a significant portion of the world’s tuna can be found.
Laurel played a pivotal role in leading the company to expand its market presence in Asia, Europe, the Middle East, South Africa, and the United States.
Frabelle encompasses a diverse range of businesses involved in various stages of the supply chain, including deep-sea fishing, aquaculture, food manufacturing, importation, trading, and cold storage.
In addition to his role in the seafood industry, Laurel also serves as the President of Agusan Power Corporation and holds the position of Chairman at the World Tuna Purse Seine Organization.
His extensive experience in the fisheries sector made him a confident choice for his appointment, as President Marcos recognized.
Furthermore, President Marcos viewed Laurel’s background in the private sector and his network as assets for the Department of Agriculture (DA).
Before he was appointed DA chief, Laurel was already a member of the government’s Private Sector Advisory Council.
For Laurel, their family-run company stands as a testament to the Philippines’ potential to become a leader in the fishing industry.
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His appointment comes during a period of rising commodity prices, including agricultural products, with the inflation rate reaching 6.1% in September.
The new Cabinet member also faces challenges related to widespread agricultural smuggling, which Marcos has attributed to the surge in prices.
Recently, the Department of Justice announced plans to file criminal and administrative cases against several DA officials linked to smuggling, hoarding, and profiteering.
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Marcos had initially taken on the role of agriculture chief temporarily to expedite the resolution of issues in the sector, including what the DA identified as an impending food crisis.
Critics had repeatedly urged him to appoint a full-time agriculture secretary over the past year. However, Marcos indicated that he would only step down from the DA once he achieved specific agency goals, such as improving farmers’ production and assistance.
The President had also expressed his preference for an agriculture expert to lead the department.
Laurel’s ad interim appointment will be presented to the Commission on Appointments when Congress resumes session on November 6.
Francisco Tiu Laurel Jr. Family, Parents
Francisco Tiu Laurel Jr is the son of father Francisco Tiu Laurel Sr. and mother Bella Tiu Laurel. His parent’s profesion details are not mentioned yet. His sibling’s details are not mentioned yet.
Francisco Tiu Laurel Jr Wife, Kids
Francisco Tiu’s wife’s name is not mentioned yet, he is a married man. His children’s details are not mentioned yet.
FAQ About Francisco Tiu Laurel Jr Wiki
Q.1 Who is Francisco Tiu Laurel Jr?
Ans. Francisco Tiu Laurel Jr is newly appointed in the Department of Agriculture and he is renowned as the president of Frabelle Fishing Corporation.
Q.2 How Old is Francisco Tiu Laurel Jr?
Ans. Francisco Tiu Laurel Jr is approx 56-57 years old as of 2023.
Q.3 What is Francisco Tiu Laurel Jr’s net worth?
Ans. Francisco Tiu Laurel Jr’s net worth is approximately $5 million.
Q.4 Who are Francisco Tiu Laurel Jr’s parents?
Ans. Francisco Tiu Laurel Jr is the son of father Francisco Tiu Laurel Sr. and mother Bella Tiu Laurel.
