Singapore's new PM has his work cut out for him

More: PropertyGuru’s possible buyout and Paytm’s latest financial figures. [Read from your browser]( Daily Newsletter Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](.  --------------------------------------------------------------- IN FOCUS In today's newsletter, we spotlight: - [The tech challenge that lies ahead for Singapore’s new prime minister]( - The US$1 billion series F round of an AI data foundry services firm - Other newsy highlights such as a possible buyout on the cards for PropertyGuru and Paytm’s latest financial figures --------------------------------------------------------------- Hello {NAME} Singapore has a new prime minister, and boy do I not envy him. It’s a massive job leading a country, after all, even if it’s one of the smallest in the world. In the grand scheme of things, I think Singapore is doing fine, but this is one of those responsibilities where things will start going sideways the moment you take your foot off the pedal. There are so many areas to look at and so many differing opinions and advice. Today’s premium article is just about the tech scene, and already we have a myriad of suggestions from various corners of the industry. Multiply that by the many different areas - education, healthcare, and so on - and you can see why I’m not envious of his lot. He’ll need some supreme analysis and filtering capabilities. How should Singapore approach its tech future? Maybe you’ll have your own ideas after reading the article. -- Winston  ---------------------------------------------------------------  THE BIG STORY [For PM Wong, sustaining SG’s position as top tech hub calls for tough choices]( Founders and investors fret over rising costs, talent shortage, and an eroding competitive edge. Tackling each of these issues has trade-offs. --------------------------------------------------------------- TRENDING NEWS [Paytm’s issues dent Q4 earnings, but hits first EBITDA profitable year in FY 2024]( While annual revenue rose 25% year on year to US$1.2 billion, Q4 revenue fell around 20% compared to Q3, and its quarterly loss widened almost 2.5x. [PropertyGuru Q1 loss narrows to $4.6 million]( The Singapore-based property portal sinks back into the red after two quarters of positive earnings. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [PropertyGuru’s financial health in 6 charts]( These charts indicate how PropertyGuru is performing. --------------------------------------------------------------- SAIGON SUMMIT 2024: CHARTING VIETNAM’S TECH FUTURE Are you excited for next week just like we are? 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