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

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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.

 

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