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
Egg in beer Egg in beer Egg in beer refers to the practice, iterally or figuratively of cracking a raw egg into a glass of beer. The term is used metaphorically, commonly as "what do you want, egg in your beer?", implying that the listener already has something good but is asking for undeservedly more. In 1915, industry journal "The Mixer and Server" noted a Seattle case where a judge decreed that an egg, once cracked into a glass of beer, qualified as a drink and was not in violation of ordinances against giving free food in bars. A 1939 article in "Printing"