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Long-haul low-cost carrier NokScoot said yesterday that it has cancelled all charter flights to Japan and South Korea until April 27, pending licence re-evaluation by Thai authorities.

NokScoot, a joint venture of Nok Airlines Plc and a subsidiary of Singapore Airlines, has to refund more than 20,000 passengers booked on flights during the period, chairman Patee Sarasin said.

Japan and South Korea imposed a ban late last month on charter and newly scheduled flights by Thai-registered airlines due to safety concerns highlighted by an international audit. – Reuters

Developer to boost presales with condos

Grand Unity Development Co, a subsidiary of Univentures Plc, will launch three residential condominiums worth Bt3.5 billion-Bt4 billion to boost presales to Bt6 billion and revenue to Bt5 billion this year.

Managing director Neramit Srangiam introduced one of the projects at a press conference yesterday – the Bt2 billion U Delight Ratchavipha.

BOT readies Bt5.7 bn in banknotes

The Bank of Thailand has prepared Bt57 billion worth of bank notes for the surge in spending expected over the Songkran holidays. This is 3 per cent more than the Bt55.29 billion that it reserved for Songkran last year.

PTT mulls entry into winter fruit trade

PTT will set up a subsidiary to get into the cool energy innovation business for growing winter fruits and flowers, while planning to sign a contract with the Central Group for distribution.

Pailin Chuchottaworn, president and chief executive officer of PTT, said yesterday that PTT had gained experience in using coolness technology and carbon dioxide for winter plants for a royal project.

“This is an innovation and prototype for others to extend the business. PTT will do a pilot project first,” he said. PTT will market winter fruits including strawberries through the Central Group, while winter flowers will be distributed through flower shops.