Manila, Oct. 14 -- The Government Service Insurance System (GSIS) is ready to provide financial aid to government workers and pensioners in Davao Oriental and nearby provinces following the twin earthquakes that struck the region last week.

GSIS President and General Manager Wick Veloso said the pension fund would activate its emergency loan program for members and pensioners.

"We are closely monitoring the situation in Davao and stand ready to provide immediate financial assistance to help our members and pensioners recover from the effects of the earthquakes," Veloso said in a news release Tuesday.

Under the loan program, qualified members and pensioners residing or working in affected areas may borrow up to PHP40,000 if they have an...