TODAY'S BUSINESS HEADLINES

ICTSI shortlisted for new Melbourne port project bidding

PSEi slides below 7,300-mark as profit-taking continues

OceanaGold marks start of commercial operations at Didipio mine

DOTC again defers bidding for MRT3 maintenance contract

AUB shares up on market debut amid high investor demand

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.”

InterAksyon.com means BUSINESS

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