TODAY'S BUSINESS HEADLINES

Investor caution tempers PH stock market rebound 21-Oct-14, 4:56 PM | Krista Angela M. Montealegre, InterAksyon.com

Early turnover of LRT2 maintenance contract pushed to minimize political risks 21-Oct-14, 4:48 PM | Darwin G. Amojelar, InterAksyon.com

Energy department's worst-case scenario for summer: 3-4 hours long brownouts 21-Oct-14, 4:31 PM | Euan Paulo C. Añonuevo, InterAksyon.com

First-half profit of listed companies grow by a tenth 21-Oct-14, 3:11 PM | 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.”