TODAY'S BUSINESS HEADLINES

Philippine stock index scales to new record 26-Jan-15, 5:05 PM | Darwin G. Amojelar, InterAksyon.com

Cheap oil seen to boost airline margins, passenger traffic 26-Jan-15, 3:57 PM | Darwin G. Amojelar, InterAksyon.com

Seamless connection planned for NLEX, SCTEX 26-Jan-15, 3:07 PM | Darwin G. Amojelar, InterAksyon.com

7-Eleven licensee hikes capex for Philippine expansion 26-Jan-15, 1:13 PM | InterAksyon.com

Government orders use of Ilijan power plant to mitigate electricity shortfall during summer 26-Jan-15, 10:09 AM | Euan Paulo C. Añonuevo, 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.”