TODAY'S BUSINESS HEADLINES

To ease decongestion, PNoy names Batangas, Subic 'extensions' of Port of Manila 16-Sep-14, 1:15 PM | Dexter San Pedro, InterAksyon.com

Remittance growth accelerates at start of 2H 15-Sep-14, 4:31 PM | InterAksyon.com

PH stock market extends losing streak to a fifth day on weak China economic data 15-Sep-14, 4:24 PM | Krista Angela M. Montealegre, InterAksyon.com

Lucio Tan regains control of PAL -- sources 15-Sep-14, 11:01 PM | Darwin G. Amojelar, 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.”