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
Believe as You List Believe as You List Believe as You List is a Caroline era tragedy by Philip Massinger, famous as a case of theatrical censorship. The play originally dealt with the legend that Sebastian of Portugal had survived the battle of Alcácer Quibir, and the efforts of Philip II of Spain to suppress the "false Sebastians." On 11 January 1631, Sir Henry Herbert, the Master of the Revels, noted in his records that he refused to license the play because "it did contain dangerous matter, as the deposing of Sebastian, king of Portugal, by Philip the Second, and there being a peace