Latest news with #AlwaysChickensOut
The Star
11-06-2025
- Business
- The Star
Lack of capacity choking Westports push for container volume growth
UOBKH Research said signs of transshipment recovery could be observed in Westports' container volume data for the first four months of 2025. PETALING JAYA: Westports Holdings Bhd 's lack of spare capacity is choking its ability to push for a stronger container volume growth, says UOB Kay Hian (UOBKH) Research. Average vessel berth waiting times at Port Klang had been at two to three days, while yard congestion hovered at a critical 90%, as pointed out by the research house . In a note, it said Westports' container volume growth pales in comparison to that of Straits of Malacca peers such as Port of Singapore Authority and Port of Tanjung Pelepas. 'Although group chief executive officer Datuk Ruben Emir Gnanalingam's decision to retain single-digit growth guidance is admirable in hindsight, he reiterates the limitation on volume growth arising from Westports' lack of spare capacity.' The Gnanalingam family owns 45.5% of Westports, which runs an integrated port facility at Port Klang. Meanwhile, UOBKH Research said signs of transshipment recovery could be observed in Westports' container volume data for the first four months of 2025. It also said that by anticipating a resurgence in trade during the 90-day tariff cooldown, Westports can meet its unchanged volume growth guidance. 'While gateway volume continued to look weak, transshipment boxes appeared to be restaging growth in April 2025, and this benefited both NCB Holdings Bhd and Westports (total growth recovered to 3%). 'Port Klang's 4% year-to-date growth also appeared on track towards the 2025 target of 15 million twenty-foot equivalent units (2.3% growth). 'In our opinion, while May data may still look weak, it may be a prelude to Trump Always Chickens Out impact, namely a rush of China-cargoes to the United States during a 90-day tariff cooldown.' On port tariff hike, UOBKH Research said the expectations had been priced-in. It is noteworthy that a 30% tariff hike for container handling and storage has been proposed. The tariff hike is to be spread into three phases, with a more transparent and structured tariff review mechanism.
Axios
03-06-2025
- Business
- Axios
Scoop: DNC rents taco truck to mock Trump on 'TACO' slogan
The Democratic National Committee is commandeering a taco truck to mock Trump's apparent fury at the slogan " Trump Always Chickens Out," or "TACO," Axios has learned. Why it matters: Democrats clearly think they have found a way to get under the president's skin. Trump was asked about the mantra — used by Wall Street traders to predict his response to tariff-induced market dips — at a press conference Wednesday, and he lashed out in response. "Don't ever say what you said. That's a nasty question," the president replied. Driving the news: The DNC will park a taco truck outside the Republican National Committee's headquarters on Capitol Hill with a graphic of Trump in a chicken suit and the "Trump Always Chickens Out" slogan. The truck will be there between noon and 2pm on Tuesday and will actually serve free tacos, a DNC spokesperson told Axios. What they're saying: "With his idiotic trade policy, he talks a big game, caves, and then leaves working families and small businesses to deal with the fallout," DNC chair Ken Martin said in a statement. "Trump always chickens out — we're just bringing the tacos to match." The other side: "LMFAO. A taco truck? Are they going to be giving out free vasectomies again too?" RNC spokesperson Zach Parkinson said in a statement, citing a past DNC pro-abortion initiative.
Yahoo
29-05-2025
- Business
- Yahoo
‘No one is humiliating Donald Trump except for Donald Trump': Nicolle on Wall Street mocking Trump
Robert Armstrong, US Financial Commentator for the Financial Times and Charlotte Howard, Executive Editor for The Economist join Nicolle Wallace on Deadline White House with reaction to Donald Trump lashing out at the press over Wall Street coining a new term to mock his tariff policy, 'TACO Trade', which stands for Trump Always Chickens Out.
