The expansion was driven by an increase in both in electronic and non-electronic exports, trade agency IE Singapore says.
The Republic's economy grew by 2.9 per cent in 2014, while the growth forecast for 2015 has been maintained at 2.0 to 4.0 per cent, said MTI.
The Republic's total merchandise trade grew by 0.3 per cent to S$982.7 billion in 2014, compared to S$980.2 billion in 2013. However, the rise in trade still fell short of the projected growth of 1.5 per cent to 2.0 per cent.
IE Singapore said it helped 28,000 companies with their overseas ventures last year, up 5 per cent from 2013.
The Singapore Government had earlier forecast an overall budget deficit of about S$1.2 billion, but economists say when the final numbers are in, it will likely be a surplus.
Construction for the proposed 11-storey Singapore Chinese Cultural Centre at Shenton Way will start after Chinese New Year.
SIA said on Monday (Feb 16) its passenger load factor fell to 76.5 percent last month, down from 79.1 percent in the year-earlier period.
To facilitate securities-based crowdfunding, the Monetary Authority of Singapore plans to open the scheme to accredited investors and institutional investors, for a start.
The joint venture will see the creation of the Airbus Asia Training Centre which will provide pilot training services for Airbus aircraft in the Asia-Pacific.
The merger between Ascendas, Singbridge Group, Jurong International and Surbana International Consultants will create an urban development entity worth an estimated S$5 billion.