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 shop Beer shop A beer shop (also referred to as beershop) is a retail store where beer and other goods related to beer are sold. Beer shops can be found all around the world, but there are many located in famous beer countries like Belgium, Germany or England. Beer shops range in size, and may be located on streets or in shopping malls. Beer shops usually offer many different kinds of beer brands. Some shops offer only regional beer brands which are famous or well known in their region. Others also offer a big range of beer including beer brand from