TODAY'S BUSINESS HEADLINES

NGCP: Sabotage caused line tripping that isolated plants from Mindanao grid 21-Jul-16, 9:24 PM | Juzel L. Danganan, Philippines News Agency | InterAksyon.com

Philippine stocks breach 8,100-mark 21-Jul-16, 7:53 PM | Leslie D. Venzon, Philippines News Agency

Tiger Resort investing nearly $3B for 1st phase of Okada Manila 20-Jul-16, 4:23 PM | Beverly Natividad, Bloomberg TV Philippines

DENR stops Nickel Asia's Hinatuan Mining from exporting ore to China 21-Jul-16, 5:13 PM | Shyla Francisco, Bloomberg TV Philippines

BPO sector seen thriving as some economies slow; Concentrix to hire 14K people in 3 years 20-Jul-16, 3:46 PM | Dale de Vera, Bloomberg TV Philippines

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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