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
International Beer Day Africa, Spain, Sri Lanka, Sweden, Thailand, the Philippines, Turkey, Uganda, Ukraine, United Arab Emirates, Uruguay, Vanuatu, and Venezuela. Popular forms of International Beer Day Events include: Tapping of new or rare beers, all-day happy hours, beer flights, trivia nights, binge drinking and other games (such as beer pong), beer/food pairings and beer gear giveaways. From 2007 through 2012, International Beer Day was celebrated on August 5. After International Beer Day 2012, the founders took a poll of fans and chose to move the holiday to the first Friday in August. International Beer Day International Beer Day (IBD) is a celebration