HIS clients were bracing themselves for bad times by cutting their budgets and that was all it took to send his business into a downward spiral.
Since Jan this year, Mr Chesper Pang, director of Generis CJP, a firm offering legal consultancy and non-legal project management services, has seen regional sales dropping by 50 per cent.
He has had to close his Thailand and Indonesia branch offices and just last month, two of six staff had to be laid off from his Singapore branch.
Read Elizabeth Wilmot's full story in Saturday's edition of The Straits Times.