Monopolies in the Philippines (1965–1986) granted PD 1468, which declared the money as private and prevented any government audit. Cojuangco bought San Miguel Corporation (SMC) with the funds from the Coco levy. SMC is one of the oldest and largest beer, food, packaging and livestock conglomerate in the Philippines. President Marcos gave favors to SMC once Cojuangco became its head. Taxes were raised for liquor and cigarettes in January 1986, but excise taxes on beer went down. Beer is one of the main products of SMC, which helped the corporation save as much as $40 million that year. When Marcos was President, he often wrote
Beer in the Philippines as the island's first craft beer brand. Its initial selections of Bogsbrew and Primo Ale grew to include more types using different grain. Baguio Craft Brewery was created from humble beginnings. It started with home brewing in a garage, a passion for craft beer and a love for creating something extraordinarily delicious, out of basic, natural ingredients. Founded in 2014 by German-Filipino entrepreneur Alexander Lietz, Juan Brew is the first ever microbrewery in the Philippines to be 100% solar powered. Juan Brew is also a leading supplier of beer-making equipment and ingredients which are openly distributed to other craft breweries