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
Egg in beer magazine notes that Pennsylvania State Brewers' Association had launched a public-relations campaign to "sell the idea that eggs and beer make a pleasing combination." Other Pennsylvania sources refers to this as a "miner's breakfast". Sources differ as to the origin of the colloquialism, with some stating it dates to World War II while others speculate that it dates to the 19th century. However, a 1933 article in the "Stevens Indicator", mentioning an employee who had not received a raise, notes: "What do you expect Carl? Egg in your beer?" Egg in beer Egg in beer refers to the practice, iterally