JUST a year ago, local entrepreneur Chesper Pang's company was enjoying annual profits of up to $250,000.
Today, Mr Pang is fighting for survival. Business has halved, and he has had to cut salaries and lay off staff.
He is bracing himself for more drastic measures if things do not improve, including folding the legal consultancy he set up three years ago.
Read Alvin Foo's full story in Saturday's edition of The Straits Times.