Financial Digest

Supercars and champagne: Bangkok's rich purr through pandemic | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 86%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

BANGKOK, Aug 9 — As the coronavirus brought the global economy to its knees, Thai businessman Yod decided to buy himself an US$872,000 (RM3.65 million) treat — a lime-green Lamborghini. Yod picked up the customised Huracan EVO supercar in Bangkok, a city of billionaires with a luxury economy...

Thai business owner Thanakorn Mahanontharit, also known as Yod, getting into a Lamborghini car during a testing session for clients in Bangkok June 13, 2020. — AFP pic

But in a split-screen economy, there are plenty with immunity to the economic scourge caused by Covid-19. Lamborghinis “appeal to a very niche audience of high net-worth individuals,” said Matteo Ortenzi, chief executive for Automobili Lamborghini in the Asia-Pacific region. As a result, household debt is forecast to surge to 88-90 per cent of GDP by the end of this year, according to a Kasikornbank research note.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Covid, shmovid: Bangkok's rich sail through pandemic | New Straits TimesNSTworld Thailand is home to the ninth most billionaires anywhere, according to the China-based HurunReport's GlobalRichList 2020. coronavirus covid19 Lamborghini Ferrari RollsRoyce
Source: NST_Online - 🏆 17. / 53 Read more »