TODAY'S BUSINESS HEADLINES

Customs falls short of September collection target 23-Oct-14, 5:03 PM | Rain Castro, InterAksyon.com

Bangko Sentral takes pause from monetary tightening cycle, cuts inflation forecasts 23-Oct-14, 4:33 PM | Scarlet Venilia, InterAksyon.com

Ayala semiconductor unit's third-quarter earnings triple 23-Oct-14, 3:47 PM | Krista Angela M. Montealegre, InterAksyon.com

Universal Robina, Danone form beverage joint venture 23-Oct-14, 12:47 PM | Krista Angela M. Montealegre, InterAksyon.com

Jollibee warns return of logistics woes amid aggressive expansion 23-Oct-14, 9:23 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.”