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27/12/2023

GLOBE Telecom, Inc. is poised for further growth in its fiber broadband business.

27/12/2023

Meralco asserts that it maintains "fair and reasonable rates" owing to its expansive business scale, which facilitates the procurement of electricity at the most cost-effective prices.

24/12/2023

SMC, led by Ramon Ang, plans to complete 1,000 MWh battery energy storage systems by January.

Globe-Ayala Corporation, STT Fairview. Sinimulan ni JV ang pagtatayo ng pinakamalaking data center sa Pilipinas.Ang pina...
20/05/2023

Globe-Ayala Corporation, STT Fairview. Sinimulan ni JV ang pagtatayo ng pinakamalaking data center sa Pilipinas.

Ang pinakamalaki at pinakanakakonektang carrier-neutral data center sa Pilipinas ay itinatayo ng ST Telemedia Global Data Centers (Philippines), isang joint venture sa pagitan ng Globe, Ayala Corporation, at ST Telemedia Global Data Centers ng Singapore.

Ang STT Fairview, kapag ganap na binuo, ay magkakaroon ng apat na gusali na may kabuuang kabuuang higit sa 83,000 square meters ng kabuuang espasyo sa sahig, na may potensyal na IT load capacity na 124 megawatts.

Ang STT Fairview, na madiskarteng matatagpuan sa Quezon City, ay magbibigay sa mga negosyo at hyperscaler ng nababaluktot at nasusukat na mga opsyon sa colocation na inuuna ang mababang latency at sustainability.

Bilang karagdagan, ang bagong data center ay makakakuha mula sa mga direktang koneksyon sa network nito sa STT Makati, isa sa mga pinakanakakonektang data center ng Pilipinas. Ang mga customer ay magkakaroon ng agarang access sa isang malawak na hanay ng mga domestic at foreign network service provider, internet exchange, at submarine cable system salamat sa koneksyon na ito.

Inaangkin ni Carlo Malana, CEO ng STT GDC Philippines, na habang pinapalawak ng mga cloud service provider at negosyo ang kanilang mga digital platform upang matugunan ang pagbabago ng mga pangangailangan ng consumer para sa mga low-latency na digital na serbisyo, mayroong pagtaas ng demand para sa mga de-kalidad na serbisyo ng colocation sa bansa.

Nakuha ni Samel Aboitiz ang P30 milyon na stock ng Union Bank.Mayo 20, 2023Ang nag-iisang anak nina Sabin Aboitiz at Bet...
20/05/2023

Nakuha ni Samel Aboitiz ang P30 milyon na stock ng Union Bank.
Mayo 20, 2023

Ang nag-iisang anak nina Sabin Aboitiz at Bettina Araneta ay tumataas ang kanyang stake sa family-run Union Bank of the Philippines (UBP).

Sa pagitan ng Mayo 1 at Mayo 15, bumili si UBP director Samel Aboitiz ng 376,800 shares sa halagang P78.85 at P80.

Dinagdagan ni Samel ang kanyang stock holdings sa 831,485 shares mula noong sumali sa UBP board noong nakaraang taon, na halos doblehin ang mga ito.

Bumaba ng halos 20% ang UBP mula nang umabot sa 52-linggong mataas na P98.50 noong Enero ng nakaraang taon.

Ang unang quarter ng taong ito ay nakakita ng P3.4 bilyong pagtaas sa kita ng UBP, o 23% taon-taon.

Nakahanda ang NGCP na humarap sa imbestigasyon ng Senado sa mga operasyon nito.Habang lumalakas ang mga panawagan na iba...
20/05/2023

Nakahanda ang NGCP na humarap sa imbestigasyon ng Senado sa mga operasyon nito.

Habang lumalakas ang mga panawagan na ibalik ang kontrol sa power grid sa gobyerno, kumpiyansa ang National Grid Corporation of the Philippines (NGCP) sa pagpapaliwanag sa mga operasyon ng negosyo nito.

"Kami ay nananatiling handa upang sagutin ang anuman at lahat ng mga tanong na ibinangon tungkol sa kung paano kami nagsasagawa ng negosyo," sabi ng tagapagsalita ng NGCP na si Cynthia Alabanza sa isang ulat ng BusinessWorld. "Kami ay kumpiyansa na ang mga pagpapahusay na aming ipinatupad, pati na rin ang P300 bilyon na aming ipinuhunan sa pagpapalakas ng sistema ng paghahatid, ay tatanggapin."

Ang malawakang blackout sa Occidental Mindoro at Visayas, gayundin ang iisang brownout sa Luzon, na isinisisi sa kakulangan ng suplay ng kuryente, ay nagbigay-pansin sa power transmission monopoly na pag-aari ng bilyonaryo na sina Henry Sy, Jr. at Roberto Coyiuto.

Ang mga ito ay higit pa ang mga nag-aalalang alalahanin tungkol sa kontrol ng gobyerno ng China sa pamamagitan ng bahagyang may-ari nito, ang State Grid Corporation of China. Sa isang pagdinig sa Senado, sinuportahan ni Pangulong Ferdinand Marcos Jr. ang kontrol ng gobyerno sa mga operasyon ng NGCP "kung kinakailangan."

Nakuha ni Maria Cristina Consunji-Gotianun ang P23 milyong halaga ng Semirara at DMCI sharesSi Maria Cristina Consunji-G...
20/05/2023

Nakuha ni Maria Cristina Consunji-Gotianun ang P23 milyong halaga ng Semirara at DMCI shares

Si Maria Cristina Consunji-Gotianun, isang miyembro ng pamilyang Consunji, ay nagpapakita ng kanyang tiwala sa mga stock ng pamilya, na nakaranas ng paghina pagkatapos ng isang matatag na 2022.

Noong nakaraang linggo, gumawa ng malaking pamumuhunan si Consunji-Gotianun sa pamamagitan ng pagbili ng kabuuang P23 milyong halaga ng shares sa Semirara Mining and Power (SCC) at DMCI Holdings (DMC).

Bilang Presidente at COO ng SCC, nakakuha siya ng kabuuang 422,800 SCC shares sa loob ng hanay ng presyo na P27.90 hanggang P27.95 mula Mayo 12 hanggang 16. Ang SCC ay kasalukuyang nakikipagkalakalan nang bahagya sa pinakamababang punto nito sa nakalipas na 52 linggo dahil sa ang pagbaba ng presyo ng karbon kumpara sa nakaraang taon.

Si Consunji-Gotianun, bilang DMC director at assistant treasurer, ay bumili din ng DMC shares mula Mayo 16 hanggang 18 sa presyong P9.66 hanggang P9.80.

Ang kasalukuyang halaga ng kalakalan ng DMC ay 24% na mas mababa kaysa sa 52-linggo nitong mataas na P13.06, na itinakda noong unang bahagi ng Enero.

BBM is hesitant to take over NGCP operations, citing potential challenges.President Ferdinand Marcos Jr. is opposed to t...
20/05/2023

BBM is hesitant to take over NGCP operations, citing potential challenges.

President Ferdinand Marcos Jr. is opposed to taking control of the National Grid Corp. of the Philippines (NGCP), citing concerns about the company's ongoing problems.

President Marcos acknowledged the complexities of taking over NGCP, including the need to replace personnel and build transmission lines, both of which require significant time and resources.

Marcos emphasized that no matter how the franchise issue is resolved, whether through government intervention or transfer to another corporation, the potential delays caused by revoking the franchise without a clear plan for continued operations must be carefully considered. He wondered who would be in charge of running the grid in such a scenario.

In response to media inquiries about NGCP's franchise and security concerns raised by lawmakers due to China's significant stake in the company, Marcos emphasized the management gap that would result if the franchise was revoked, requiring immediate resolution.

He reiterated that the government is closely monitoring NGCP's performance, particularly the causes of power outages, while also emphasizing that security concerns are being actively addressed through collaboration between NGCP and the National Intelligence Coordinating Agency (NICA) to protect transmission assets.

Marcos emphasized that revoking NGCP's franchise would require a compelling reason. While deliberating on the franchise issue, he emphasized the importance of evaluating NGCP's performance and adherence to contractual obligations with the government.

Sara Duterte and Gloria Arroyo are served lunch by MVP.Manny V. Pangilinan, the esteemed chairman of PLDT, welcomed impo...
20/05/2023

Sara Duterte and Gloria Arroyo are served lunch by MVP.

Manny V. Pangilinan, the esteemed chairman of PLDT, welcomed important figures from the political world to a luncheon in a noteworthy show of unity and celebration.

Vice President Sarah Duterte, former First Lady Gloria Macapagal Arroyo, San Pedro Mayor Art Mercado, B**g Santamaria, and Pearl Viernes were among the impressive list of guests.

Pangilinan immortalized the momentous occasion that revolved around the birthdays of two extraordinary women by posting a captivating group photo on social media. While Duterte eagerly anticipates Arroyo's upcoming birthday on May 31, she celebrated her special day on April 5.

Although the specifics of their conversations are unknown, one can speculatively imagine the lively discussions that adorned their table.

The Q1 earnings of Edward Lee's COL Financial surpass expectations by 75.9%.Leading online stockbroker in the nation, CO...
20/05/2023

The Q1 earnings of Edward Lee's COL Financial surpass expectations by 75.9%.

Leading online stockbroker in the nation, COL Financial, owned by bilyonaryo Edward Lee, reported a strong 75.9% increase in first-quarter earnings to P158.3 million, with interest income surging by 240%.

COL increased its revenues by 38.1 percent to P317.7 million despite a difficult market environment, helped by higher interest yields, trading gains, and investment revaluation gains that more than offset the decline in commission revenues.

As investor interest waned as a result of rising inflation, interest rates, and a declining peso, commission revenues saw a decline of 23.5 percent. Nevertheless, the parent company's interest income totaled P172.1 million as a result of the notable rise in interest rates brought on by soaring inflation, as well as effective cash management and use of the parent company's margin facility.

The successful use of investible funds in short-term placements was shown by the 330% increase in interest income from placements.

Additionally, as customers benefited from margin lines to take advantage of investment opportunities, the margin lending industry saw a healthy growth of 28.4%.

The sale of stocks held in its proprietary account contributed to COL's trading gains of P5.1 million. The reversal of revaluation losses from government and corporate debt investments held by local subsidiaries from prior years was also included in these gains.

The number of customer accounts for COL Financial's Philippine operations increased by 4.7 percent to 522,697 as of the end of March, despite the unstable market conditions.

Nevertheless, the decreased value of stocks caused a 5% decline in client net equity to P197.9 billion, which was partially offset by new fund inflows from both current and new clients.
The Philippine Stock Exchange's ranking of COL dropped to 7 and its market share to 4.9 percent as a result of the muted customer growth and trading activity.

Customers continued to trust COL Financial in spite of these difficulties, as evidenced by the modest increase in client assets of more than 2% to nearly P108 billion by the end of March.

With customers continuing to diversify their fund investments into bonds and international income-generating funds, the fund source business demonstrated resilience by maintaining assets under administration at P4.3 billion despite sluggish market conditions.

Elon Musk's Starlink has arrived on the island of Siargao.May 20, 2023The stunning island of Siargao now has access to t...
20/05/2023

Elon Musk's Starlink has arrived on the island of Siargao.
May 20, 2023

The stunning island of Siargao now has access to the ground-breaking Starlink internet service from billionaire Elon Musk.

Starlink, which revolutionizes how internet is accessed, uses a constellation of satellites operated by SpaceX to set itself apart from conventional broadband and fiber connections.

Starlink has now expanded its services to the Philippines, delighting internet users who have long yearned for dependable and fast connectivity. Starlink's services already cover more than 50 countries.

An outpouring of envy from netizens who eagerly anticipate the service's expansion to more areas across the country resulted from the company's proud sharing of glimpses of one of its first installations in the picturesque beaches of Siargao.

People who were eager to have the chance to use the cutting-edge technology firsthand expressed their hopes that Starlink would expedite its launch in their respective regions in the comments section.

While there were a lot of complimentary remarks, there were also some unfavorable ones from repeat foreign customers. Some people complained that the costs kept going up.

The Ramos-Sy mining venture suffers a setback due to lower grade and a drop in copper prices.A subsidiary's non-recurrin...
18/05/2023

The Ramos-Sy mining venture suffers a setback due to lower grade and a drop in copper prices.

A subsidiary's non-recurring non-cash gain from the prior year and lower grade and milling tonnage were the main causes of Atlas Consolidated Mining and Development Corp.'s first quarter profit decline of 78%.

Atlas Mining's net income decreased during the three-month period from P1.22 billion at the end of March this year to P264 million.

The business's earnings fell 11% to P4.69 billion.

The 11 percent year-over-year decline in copper metal prices, which in the first quarter were $4.05 per pound, is one factor in the decline in profitability.

In contrast, the cost of gold increased marginally, going from $1,885 to $1,890 per ounce. Despite these market swings, Carmen Copper Corp., a wholly-owned subsidiary of Atlas Mining, showed good loan management during the time period by reducing its loan obligations by an additional $15 million with internally generated cash.

The 11 percent year-over-year decline in copper metal prices, which in the first quarter were $4.05 per pound, is one factor in the decline in profitability.

In contrast, the cost of gold increased marginally, going from $1,885 to $1,890 per ounce.

Despite these market swings, Carmen Copper Corp., a wholly-owned subsidiary of Atlas Mining, showed good loan management during the time period by reducing its loan obligations by an additional $15 million with internally generated cash.

A subsidiary's non-recurring non cash gain from the prior year and lower grade and milling tonnage combined to reduce Atlas Consolidated Mining and Development Corp.'s first-quarter 2023 profit.

During the three months, Atlas Mining reported a net income of P264 million, a 78 percent decrease from P1.22 billion in the corresponding period the previous year.

Revenues for the company decreased by 11% to P4.69 billion from P5.25 billion in the previous year.

Atlas Mining reported that copper metal prices fell 11% year on year to $4.05 per pound in the first quarter, while gold prices rose from $1,885 to $1,890 per ounce.

However, the company stated that its wholly owned subsidiary Carmen Copper Corp. was able to reduce its loan obligations by another $15 million during the period due to internally generated cash.

Dennis Uy hires former Executive Secretary Salvador Medialdea as DITO Director.Dennis Uy, a friend of Duterte, has asked...
18/05/2023

Dennis Uy hires former Executive Secretary Salvador Medialdea as DITO Director.

Dennis Uy, a friend of Duterte, has asked a fellow Davaoeo to join the board of his financially precarious DITO Telecommunity.

For the upcoming annual shareholders meeting on July 5, Uy has proposed Salvador Medialdea, a former executive secretary, as an independent director.

After working for ACCRA Law and Pecabar Law, Medialdea, a San Beda College of Law alumnus like former President Rodrigo Duterte, started his own legal practice.

When a third telco license was put up for auction in 2018, the duopoly that PLDT-Smart and Globe had over the telecommunications sector was broken. After all other bidders were eliminated, the DITO consortium—led by Uy's Udenna Corporation and China Telecom—came out on top.

Duterte extended DITO's franchise for an additional 25 years in 2021, extending it from its original April 2023 expiration date. This strengthened the company's position in the market.

Lower sales and higher expenses hurt Filinvest REIT's first quarter performance.The Gotianun family's real estate invest...
18/05/2023

Lower sales and higher expenses hurt Filinvest REIT's first quarter performance.

The Gotianun family's real estate investment trust, Filinvest REIT Corp., reported a 20% decline in earnings to P304.13 million for the first quarter of the year as a result of lower revenues and higher expenses.

While costs and expenses increased by 10% to P408 million, revenues decreased by 3% to P800.98 million.

FILRT's net income increased by 17% when comparing the first quarter's results to those of the fourth quarter of 2022. This growth was fueled by an increase in rental revenues of 5% and a decrease in operating expenses of 13%.

FILRT highlighted the benefits of its successful acquisition of a 2.9-hectare prime resort property leased to Crimson Resort & Spa Boracay, which began generating revenue for the business on January 1, 2023.

The addition of the Boracay property, in the opinion of FILRT President and CEO Maricel Brion-Lirio, is a first step toward diversifying the company's holdings.

FILRT is extending into the hospitality and leisure sector in the Philippines, but it is still concentrating on organic growth and routine asset infusions.

In order to maintain portfolio expansion and provide consistent and competitive returns to our investors, she said, "We are guided by a clear investment strategy of increasing occupancy, managing costs, and acquiring assets."

In the first quarter, the company attained an occupancy rate of 85% on average.

Profits for Ramon Del Rosario's Phinma fell in the first quarter due to revaluation adjustments.Due to revaluation adjus...
18/05/2023

Profits for Ramon Del Rosario's Phinma fell in the first quarter due to revaluation adjustments.

Due to revaluation adjustments and nonrecurring items, holding company Phinma Corp. of the family of Ramon del Rosario reported a slight decline in profitability for the first quarter of the year.

In comparison to the P493.46 million earned the year before, Phinma's net income decreased by 1.8% to P484.56 million.

While revaluation adjustments and nonrecurring items are not included in core net income, it increased by 15% to P558.49 million, exceeding the P448.14 million reported in the first quarter of 2022.

Revenues for the company during the three-month period totaled P4.78 billion, an increase of 6% from the prior year.

Revenues at Phinma Education Holdings, a division of Phinma Corp., increased by 48 percent to P1.49 billion, largely because total enrollment increased by 30% in the second semester of the 2022–2023 academic year.

The construction materials group, which consists of Union Galvasteel Corp., Philcement, and PHINMA Solar Corp., faced difficulties at the start of the quarter due to a weak demand for new construction.

In contrast to an equitized net income of P23.15 million during the same period last year, affiliate PHINMA Property Holdings Corp. reported an equitized net loss of P41.04 million.

Public sector climate change efforts are bolstered by private satellites.Space has become a crucial front in the fight a...
18/05/2023

Public sector climate change efforts are bolstered by private satellites.

Space has become a crucial front in the fight against climate change, with satellites able to pinpoint the sources of industrial pollution and others monitoring hurricane movements hour by hour.

The number of launches is increasing both literally and figuratively, which has led to more collaboration between public and private space agencies.

Monitoring greenhouse gas emissions has proven to be one of the most successful collaborations.

One of the satellites of the Copernicus mission of the European Union Space Programme continuously measures the atmospheric concentration of the potent planet-warming gas methane.

The spacecraft scans the entire surface of the planet, but because of its low resolution—a few kilometers—it is difficult to pinpoint the exact source.

Private businesses can fill that gap.

Nine miniature satellites the size of microwaves are currently in orbit with the Canadian GHGSat, one of them. Their objective was to search for methane leaks while flying over oil and gas facilities. They can examine each location in greater detail by orbiting at a lower altitude.

The company's founder, Stephane Germain, advised AFP to "think of it as the wide angle lens camera, as opposed to the telephoto lens camera." The Copernicus team communicates regularly with GHGSat, giving them instructions on where to position their cameras.

Then, GHGSat sells its data to oil firms like Total, Chevron, ExxonMobil, and Shell.

Since their customers are demanding better accounting of emissions' life cycles, "more and more companies are interested in that because they realize they have to better understand their own carbon footprints," said Germain.

Unlit flares, which are intended to burn off the gas, are a frequent source of methane emissions.

According to GHGSat, it has prevented the release of 10 megatons of carbon dioxide into the atmosphere, or the annual energy consumption of 1.3 million homes.

The French company Absolut Sensing and other businesses intend to enter the market. Another company, Kayrros, is examining Copernicus data to find the biggest leaks despite not having its own satellites.

- Technological developments
"A problem is evident when looking at the big picture. The small one then sharpens its focus and provides someone with information. Therefore, this complements each other very well," Josef Aschbacher, director of the European Space Agency, told AFP of such public-private partnerships.

But the mainstay of the Earth observation system continues to be government agency constellations, which are made up primarily of big, extremely expensive satellites.

With new missions like CO2M, which measures the carbon dioxide released specifically by human activity, Copernicus will soon enter a new era. About 30 NASA Earth observation missions have been launched.

The US space agency has launched the TEMPO mission to measure pollutants in the troposphere above North America, the TROPICS mission to track tropical weather systems, including hurricanes, hour by hour, and the SWOT mission to survey the Earth's surface water in unprecedented detail.

Technology advancements have made it possible to measure things that were previously thought to be impractical, according to Aschbacher.

Meteorological satellites, such as those managed by the European Organisation for the Exploitation of Meteorological Satellites (EUMETSAT) and the US National Oceanic and Atmospheric Administration (NOAA), play a crucial role in addition to these scientific missions.

Their data, gathered over decades, have shown significant changes to the world's climate systems, ranging from warming sea and land temperatures to retreating Antarctic ice sheets, providing data for the current climate science models.

They can, however, increasingly contribute significantly to the process of adjusting to a warming world. Better forecasts are necessary to lessen the effects of natural disasters, according to Mitch Goldberg, chief scientist at NOAA, who spoke to AFP.

The agency has been expanding its collaborations with business. For instance, it collaborates with GeoOptics to gather data on the humidity or temperature of the atmosphere.

A report by Inmarsat and Globant claims that if current satellite technologies were widely used, carbon emissions could be reduced by 5.5 gigatons, quadrupling the 1.5 gigatons currently possible thanks to the sector.

These savings could be attained, for instance, by facilitating the decarbonization of the aviation and maritime industries through trip optimization, weather routing, and air traffic control management.

Ricky Razon questions the patriotism of former ConocoPhilips executive Maalac after ranting about the all-Filipino takeo...
18/05/2023

Ricky Razon questions the patriotism of former ConocoPhilips executive Maalac after ranting about the all-Filipino takeover of Malampaya.

Former Philippine National Oil Co. (PNOC) president Eduardo Maalac is not getting away with criticizing the takeover of the Malampaya oil and gas field by an all-Filipino group, thanks to Ricky Razon.

In criticizing President B**gbong Marcos' choice to extend the Malampaya contract from 2024 to 2029, Maalac was accused by Razon of "pushing his agenda."

When we consider that Mr. Maalac is the same person who facilitated the tripartite agreement for Joint Marine Seismic Undertaking (JMSU) between the Philippines, Vietnam, and China, effectively compromising Philippine territory by allowing the two nations to explore our natural resources without government oversight, Razon said, "It is appalling to hear Mr. Maalac argue for the supposed 'losses for the government or the Filipino people'."

"The Supreme Court's decision to declare the JMSU unconstitutional sparked a variety of responses in the legal community, with some accusing Mr. Maalac of betraying the country. How patriotic are you if you support the government acquiring a key power asset despite your questionable past of attempting to compromise Philippine territory? Mr. Maalac, whose interests are you really advancing? Razon continued.

MaÑalac downplayed the resources and expertise of the new Malampaya Service Contract No. 38 (SC 38) owners, Dennis Uy's Udenna and Razon's Prime Infrastructure Capital, who acquired Shell's and Chevron's respective 45 and 45 percent stakes, respectively (PNOC holds the remaining 10 percent).

Was there graft—did someone grant some benefits to an unworthy party?"Malac, who has been pleading with Marcos to have the government take control of Malampaya, said.

In contrast to the fact that "we celebrate the Malampaya contract renewal as a crucial step to avert a power crisis," Razon was disappointed that Maalac would make these "unsubstantiated claims."

If Mr. Maalac has this view of Philippine sovereignty, why is he so offended by the fact that an entirely Filipino consortium is now in charge of running the Malampaya gas field, a development that should make us all proud?Razon remarked.

To the Bayan. The Malampaya project's founders live by this maxim every day. Perhaps you can pick up a few tips from our team of top-notch talent, who are managing the project despite your callous insinuations that they lack knowledge and experience. The same people are putting in a lot of effort to realize our goal of achieving energy security and independence, Razon continued.

Before being named Energy Undersecretary (2003–2004) and PNOC president (2004–2006), MaÑalac spent 28 years working as an executive for American oil company Phillips Petroleum (now ConocoPhillips) in numerous countries, primarily China.

In a P5.5 billion deal, Globe transfers 431 towers to Frontier Towers to improve digital connectivity.In a deal worth ap...
18/05/2023

In a P5.5 billion deal, Globe transfers 431 towers to Frontier Towers to improve digital connectivity.

In a deal worth approximately 5.5 billion pesos, Frontier Tower Associates Philippines Inc. has received the official keys to 431 towers, according to Globe, the country's top digital platform.

These towers, which contribute to the improvement and expansion of digital connectivity throughout the nation, are made up of 82% ground-based towers and 18% rooftop towers.

With this most recent development, Frontier Towers now owns and has management rights for 1,981 towers, or about 56% of the total number of towers purchased.

With a transaction value of $47.9 billion, Globe has so far completed 49% of the deal, transferring ownership of 3,711 towers out of the total 7,506 towers. Once all closing requirements are satisfied, additional closings will be carried out.

Ernest L. Cu, president and chief executive officer of Globe, emphasized the necessity of a strong infrastructure across the nation to support these initiatives, noting that the partnership with Frontier guarantees the success of each innovation.

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