Here's the key threat to Singapore's corporate earnings in 2014

Fears rise over rising cost of labour.

According to CIMB, the key threat to Singapore’s corporate earnings in 2014 is the rising cost of labor and S$ strength. 

Here's more:

Our economist, Song Seng Wun, raised his 2013 growth forecast to 4.0-4.5% after 3Q GDP growth surprised on the upside.

The MTI remains cautious on 2014 GDP growth (2-4% forecast) but the risks cited are all external. Domestically, the MTI highlights that some labour-intensive and domestically-oriented sectors may see muted growth as continued labor tightness bites, and this persistent tightness may lead to higher core inflation.

We expect imported price pressures to remain mild, with a still-appreciating S$ policy providing a shield against imported inflation