SINGAPORE DAYBOOK: CSC Holdings, Mencast, Olam, Tiger Airways

Singapore’s Prime Minister Lee Hsien Loong reshuffled his cabinet after five ministers stepped down following the ruling party’s small margin of victory at this month’s general election.

WHAT TO WATCH:

*CSC Holdings ltd. (CSC SP) reported a net profit of S$7.9m in the year ended March 31. *Mencast Holdings Ltd. (MCAST SP) said it proposed to buy Top Great Engineering & Marine Ltd. for S$24m. *Olam International (OLAM SP) said its NZ Farming Uruguay unit arranged a loan of up to $30m for immediate capital expenditure requirements. *Tiger Airways Holdings Ltd. (TGR SP) will post 4Q results.

GOVERNMENT: *Singapore Prime Minister Lee reshuffles cabinet after the general election. *Lee Kwan Yew appointed senior advisor to sovereign wealth fund Government of Singapore Investment Corp.

MARKETS:

S&P 500 up 0.9% to 1,340.68 Stoxx Europe 600 up 0.3% to 278.17 MSCI Asia Pacific up 0.9% to 135.12 Straits Times Index up 0.2% to 3,141.21

BTV:

7:10 a.m. Wells Fargo Chief Portfolio Strategist Brian Jacobsen 7:40 a.m. Prudential Financial CIS John Praveen 8:10 a.m. Jefferies Japan Strategist Naomi Fink 8:40 a.m. China Monitor President William Hess 9:10 a.m. Fukoku Capital President/CEO Yuuki Sakurai 10:10 a.m. Daiwa Reg. Hd. Clean Energy/Utilities Dave Dai 10:30 a.m. PricewaterhouseCoopers NZ Chairman John Shewan 10:35 a.m. Moody’s Senior Vice-President Patrick Winsbury 10:40 a.m. GMI Chairman John Robinson

To contact the reporter responsible for this story: Alan Soughley at asoughley@bloomberg.net

To contact the editor responsible for this story: Alan Soughley at asoughley@bloomberg.net

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