Beer in the Philippines and pub culture, will collectively act to positively increase alcoholic drinks in the country. In terms of types of alcoholic drinks, beer and spirits will continue to comprise the largest volumes. San Miguel Corp expects to raise up to $616 million from selling shares of its flagship domestic beer group in the first half of 2008. In 2011, San Miguel Corp accounted for 88 per cent of domestic beer sold in the Philippines. San Miguel Corporation is southeast Asia's oldest and largest brewer. Established by Felix Hagad from his garage microbrewery, Bog's Brew debuted in Cafe Bob's and Bob's Restaurant
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