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
Snow beer Snow beer Snow beer (simplified Chinese: 雪花啤酒, literally "Snowflake beer") is a lager beer originated from Shenyang, China. It is brewed by CR Snow, that (until October 2016) was a joint venture between SABMiller and China Resources Enterprises. When Snow was first released in 1993 it was produced by three breweries. As of 2014, CRSB is the largest brewing company in China with over 90 breweries across the country, brewing more than 100 million hectolitres of Snow every year. Snow beer is the best-selling beer brand in the world, despite largely being sold only in China. However, Snow includes a