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
Philippines at the 2008 Summer Paralympics sailing city famous for its Tsingtao Beer, seafood and white sand beaches, is an hour's flight SE of Beijing. The rest of the Qingdao-based team was composed of Philippine Sailing Association National Coach Rico Albeso plus PHI Sailing team manager and Sailability Philippines President, Claudio Altura. The sailors had qualified the Philippines for the Summer Paralympics during the IFDS Two-Person Keelboat World Championship held March 2008, in Singapore. The SKUD 18 has already been approved for competition in the London 2012 Paralympics. Philippines at the 2008 Summer Paralympics Three athletes represented the Philippines in the 2008 Summer Paralympics in Beijing,