TODAY'S BUSINESS HEADLINES

Filipino employees of ADB score court victory against BIR 01-Oct-14, 5:55 PM | InterAksyon.com

Removal of overstaying cargo from Manila's ports accelerating, says Palace official 01-Oct-14, 4:42 PM | Darwin G. Amojelar, InterAksyon.com

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8 more PPP projects up for NEDA approval 01-Oct-14, 12:24 PM | Rain Castro, 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.”

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