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
You Might Need Somebody You Might Need Somebody "You Might Need Somebody" is a 1980 song by Tom Snow and Nan O'Byrne, first recorded by American singer and guitarist Turley Richards. His version reached number 54 in the US, but the song is best known from Randy Crawford's 1981 version which was successful world wide and was critically acclaimed for its arrangement and musicianship. In 1981, Randy Crawford recorded her version of "You Might Need Somebody" for her album "Secret Combination". It was the second single released from this album. Her version reached no. 11 on the UK Singles Chart, making it her fourth