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 Canada alcohol, which has a lower freezing point. You then skim off the ice crystals from the brew leaving behind a beer that is twice as potent as the original." That produces a beer with 12 to 15 per cent alcohol. In North America, water would be added to lower the alcohol level. Although cream ale (referring to a creamy head) was an offshoot of North American light lager, this type is brewed as an ale, in accordance with individual brewers' preferences. Despite its name, a cream ale does not include lactose. One definition from the US suggests that cream ale