TODAY'S BUSINESS HEADLINES

Customs misses collection target at start of 2H 01-Sep-14, 11:12 PM | Rain Castro, InterAksyon.com

Local stocks break two-day slump 01-Sep-14, 4:24 PM | Krista Angela M. Montealegre, InterAksyon.com

DOE calls for regional energy planning to secure power supply 01-Sep-14, 3:21 PM | Euan Paulo C. Anonuevo, InterAksyon.com

SM Prime to integrate reclamation projects in Pasay and Paranaque 01-Sep-14, 1:43 PM | Krista Angela M. Montealegre, InterAksyon.com

GT Capital acquires Metrobank, PSBank stakes in Toyota leasing firm 01-Sep-14, 11:26 AM | Krista Angela M. Montealegre, InterAksyon.com

Sky Cable blocks extension of rival's permit in Makati

InterAksyon.com means BUSINESS

MANILA, Philippines – The cable TV company of the Lopez group is blocking a rival’s bid to operate in Makati City.

Sky Cable Corp. has asked the National Telecommunications Commission (NTC) to recall the provisional authority it issued to Cable Link & Holdings Corp.

Sky Cable said allowing Cable Link to operate in Makati would lead to a duplication of service.

In blocking Cable Link’s permit, Sky Cable cited Section 5 of Executive Order 436, which prohibits the grant of a permit should the new entrant cause “ruinous competition.”