Fortunes of family dynasties have surged under Thai government while wider economy backslid. FMTNews Bangkok
Ferrari, Rolls-Royce and Lamborghini have all launched top-end models in Bangkok over the pandemic.
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% of GDP by the end of this year, according to a Kasikornbank research note.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Supercars and champagne: Bangkok's rich purr through pandemic | Malay MailBANGKOK, 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...
Read more »
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
Read more »
'Your time is up': Thousands call for Netanyahu's resignation outside his homeDemonstrators say Israeli PM failed to protect jobs and businesses affected by the pandemic. FMTNews Israel Netanyahu
Read more »
Brazil's Covid-19 death toll exceeds 100,000South American country is the second hardest-hit nation in the global pandemic, after the US. FMTNews Brazil
Read more »
Together we progress onwardSingapore celebrates 55th National Day against backdrop of Covid-19 pandemic. FMTNews Singapore NationalDay
Read more »