Aug 28--PRNewswire/AsiaNetPHILIPPINE AIRPORT... FRANKFURT: A major national infrastructure project is underway in The Philippines, following the announcement of a $US 440 million loan from an international banking consortium to fund the new international passenger terminal 3 at Ninoy Aquino International Airport in Manila. The Philippine International Air Terminals Co, supported by its 30 per cent Frankfurt Airport shareholder, Fraport AG, will commandeer the development as a "build, operate and transfer (BOT) project" that will eventually be handed over to the Government, the company said in a press statement.CHINESE OIL DEAL... HONG KONG: The China National Offshore Oil Corporation has paid $US 45 million for "working interests" in the East China Sea Xihu Trough, which will make it the operator of the asset, the company said today. The deal would be subject to regulatory approval from the Chinese government. ASIA DOTCOM TRAVEL... HONG KONG: Chinadotcom subsidiary, Ion Global, has been appointed e-business partner to travel portal, ZUJI - a joint venture between 11 Asia Pacific airlines and travel web site, Travelocity.com. ZUJI will be available in both English and Chinese and will offer customers a full range of travel services, such as air travel, hotel bookings, car rentals and land tours, and will cater to "market-specific needs given the diversity of customs and cultures across Asia", according to the media release.IT-GEARED AUSTERITY STRATEGY... TOKYO: Toshiba Corporation today introduced a series of measures to bolster its business operations against the current economic downturn. The three-pronged initiative would involve "intensified competitiveness", "streamlined management" and "corporate initiative" and would be particularly geared towards IT, the company said.FORECASTS REVISED... TOKYO: Toshiba Corporation today revised its business forecasts for the current fiscal year and cancelled its interim dividend, citing the economic downturn that began in the U.S. as "undermining worldwide demand for I.T".ONLINE LEARNING... KUCHING: Online learning will be the chief issue of the inaugural South East Asia Association for Institutional Research's conference in Malaysia from October 23-25, which will assemble tertiary education experts from around the world. The conference will be jointly hosted by the Swinburne Sarawak Institute of Technology and the Sarawak Development Institute, a news release said today.WINNING BALL... CARLSBAD: Callaway Golf Company today said that golf pro, Walter Hall, has used its Rule 35 Firmfeel ball to score victory at the AT&T Canadian Open - part of the Senior PGA Tour. This was the 30th victory of the 2001 season across the world's five major professional tours that the ball has featured in, the company said. (AsiaNet is a consortium of leading news agencies distributing unedited, translated press releases for worldwide clients. Contact: www.asianet.com.au for full-text versions).