TODAY'S BUSINESS HEADLINES

Bloomberry turns around in 1H, after Solaire books higher gaming revenue 01-Aug-14, 7:33 PM | Krista Angela M. Montealegre, InterAksyon.com

PH stock market bucks global selloff, but BSP rate hike tempers gain 01-Aug-14, 12:59 PM | Krista Angela M. Montealegre, InterAksyon.com

SC slaps TRO on transfer of LRT-MRT common station to Trinoma 01-Aug-14, 12:44 PM | Darwin G. Amojelar and Brian Maglungsod, InterAksyon.com

DOTC defers award of LRT1 Cavite Extension Project 01-Aug-14, 11:19 AM | Darwin G. Amojelar, InterAksyon.com

BPI first-half profit down by a third on lack of trading gains 01-Aug-14, 11:07 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.”