Asian Wall Street Journal to undergo revamp

The Asian Wall Street Journal will be reformatted into a compact version from October, in a move which includes a name change and relocation of some staff to the US. The move is expected to save the company US$17 million annually from next year, and, when combined with WSJ Online, is expected to provide a better service for readers. AWSJ editor Reginald Chua said the net impact on jobs company-wide would be minimal.