Beer in the Philippines alcoholic beverage in the Philippines and amounts to a 70% share of the domestic alcoholic drinks market in terms of volume during 2005. Between 2003 and 2004, the Philippines showed the fastest growth rate in the world of 15.6%. With a consumption rise from 1.22 to 1.41 million liters, it was the 22nd largest beer market in the world in 2004. A Filipino will drink an average of nearly 20 litres of beer a year. Under a royal grant from Spain, Don Enrique María Barretto de Ycaza y Esteban opened "La Fabrica de Cerveza de San Miguel", Southeast Asia's first
Philippines–Spain relations cuts on development funding brought on by austerity measures being implemented by the Government of Spain. Former Spanish Minister José Bono Martínez assures that despite the economic crisis in Spain, it will continue to help and turn a "fraternal eye" on its former colony, the Philippines, during the launch of the 6th "Tribuna España-Filipinas" held on Makati City. Spain and the Philippines have signed agreements aimed for boosting the two countries relations in sports, culture, and education, one of this agreement is the promotion, teaching and learning of the Spanish language in the Philippines. The Philippine–Spanish Friendship Day was established