It was reported in the news that Temasek Holdings shareholders rate of return for fiscal year ending 31 March 2012 was 1.5%.
With all their financial experts and specialists, the rate of return did not look impressive, considering a Australia Dollars fixed deposit interest rate as at 6 July 2012 is 3.315% (for amount more than AUD250,000).
Notably, a CPF ordinary account interest rate for 2012 is 2.5%.
It would appear that there were some losses and some exceptional profits, giving a mediocre rate of return.
Ref: Today Online dated 6 July 2012
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