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 the direction of Josie Rourke, with the title "Believe What You Will". The text was prepared by Martin White, with pastiche period verse composed by Ian McHugh to fill the gaps in the manuscript. The White/McHugh text was published in 2005 under the new title. 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