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Changes to government rules and regulations can negatively affect San miguel corp… … "Govt Regulations (San miguel corp)" has a significant impact, so an analyst should put more weight into it. "Govt Regulations (San miguel corp)" will have a long-term negative impact on this entity, which subtracts from the entity's value. This statements will have a short-term negative impact on this entity, which subtracts from its value. This qualitative factor will lead to an increase in costs.