Asteria Lending

The Asteria team offer loans with a comfortable and equal repayment structure. The loan affords the clients flexibility to repay. Moreover, it comes with better rates at higher loan amounts even if the payments for their previous loans have not been completed. 

They are 100% online. Clients do not require to attend personally in the office, and everything is done by computer or smartphone because they believe that the convenience of such a service will be a success both for clients and for Asteria too.

"Welcome to Asteria lending Inc., we are a Makati-based lending firm fully licensed by, and in compliance with the SEC. We offer a wide range of personal and business loans for various financing solutions that fit your needs. Our goal is to provide the Philippine market, and its people, a reliable and efficient means to apply for the loans they need, online, when they need it, and without the hassle."

Due to increasing financial obligations to Korean and Philippine lenders, South Korean shipbuilder Hanjin Heavy Industries and Construction Philippines have filed voluntary financial rehabilitation. Silvestre Bello III, Labor Secretary has requested an urgent meeting of labour officials in order to address the potential impact on workers from Hanjin Heavy Industries and Construction Corporation which are Korean shipbuilders. Silvestre Bello III, Department of Labor and Employment DOLE Secretary speaks at the ASEAN Labor Ministers Retreat. Keith Bacongco This emergency meeting will discuss possible steps to mitigate the Hanjin problem, he stated in an interview. Bello assured those who were affected that they would assist them with reemployment into related jobs, such as construction, under the government's Build,Build,Build program.

Hanjin workers have high skills and are in great demand here and overseas. We prefer they be employed in the country, as we require their expertise in welding, steel construction, building, and services to the Build, Build. Build program. Bello said that he was ready to meet with Department of Trade and Industry and Department of Transportation in order to discuss the possibility of Hanjin workers being reemployed for various government projects.

According to reports, Hanjin's 400 million outstanding debts to local banks is the main reason it applied for corporate rehabilitation at Olongapo Regional Trial Court. The firm's 400 million outstanding debt to local lending banks has led to the resignation of some of its 3,000 workers. Hanjin Philippines, which was founded in 2006, is a subsidiary Hanjin Heavy Industries Construction Co. Ltd..

This multi-national firm provides shipbuilding and construction services throughout South Korea as well as international. The SBM stated that the company has made some of the largest cargo and container vessels, bulk carriers and liquefied petroleum gas carrier carriers in the world. It also manufactured large crude oil and ore carriers and a number of giant crude oil and crude oil carriers. Hanjin Philippines delivered 123 ships to its valued customers around the world since 2008.

This has helped it cement its position in the competitive shipbuilding market. The company was the largest employer in Subic Bay Freeport zone with over 30,000 workers at its peak. It has been recognized both by the Philippine Exporter Foundation Philexport and Department of Trade and Industry DTI for being a leading exporter. Hanjin Philippines laid off over 7,000 employees last December due to the liquidity crisis.

She said that the firm will soon lay off another 3000 workers in January, reducing its workforce to only 300 employees and seven Korean supervisors. This is to maintain facility maintenance. Nagkaisa, a labour organization, pleaded with the government for help in saving thousands of jobs. They have worked tirelessly for the shipyard's survival over many years.

Many of these workers even died as a result of the negligence of the company. Atty. Sonny Matula (chairperson of Nagkaisa Labor Coalition) released a statement. He said that it was highly recommended that the government take over financial rehabilitation and operations of the shipyard.

Nagkaisa stated that it was also open to working with other parties in the spirit social dialogue in order to protect the Hanjin jobs for thousands of people. Matula stated that we request that DOLE, DTI Department of Trade and Industry, and DOF Department of Finance form a joint taskforce with employer groups and trade unions in order to quickly develop an industrial plan for shipbuilding. Nagkaisa expressed concern about a Chinese takeover Hanjin, saying that allowing China to control the shipyard could have serious security consequences. Matula stated that the government should explore technical cooperation opportunities with shipbuilding nations other than China, which has no territorial ambitions.

He added that Norway is home to a strong shipbuilding industry like the Aker Group, which offers assistance and jobs for our seafarers. Our country has also been involved in the negotiations with the National Democratic Front NDF.