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
How Can You Expect to Be Taken Seriously? Expect to Be Taken Seriously?" as the main song. Additional track listings can be found on the page about "Where the Streets Have No Name (I Can't Take My Eyes off You)". "How Can You Expect to Be Taken Seriously?" was heavily remixed for single release. The version used for the music video was also released on 7-inch vinyl and cassette-single. Due to its playing time of 4:10 minutes, it is often confused with the similar "Perfect Attitude mix", which has an identical playing time, but a different introduction. How Can You Expect to Be Taken Seriously? "How Can You