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The Philippine government, through the Department of Finance (DOF), is stepping up efforts to contain the spread of the COVID-19 pandemic through active collaboration and partnerships with international organizations. According to Finance Secretary Carlos Dominguez III, the Philippines has secured a $3 million grant from the Asian Development Bank (ADB)’s Asia-Pacific Disaster Response Fund (APDRF) to strengthen the capacity of the Department of Health and other concerned agencies to diagnose and confirm COVID-19 infections.

In the recent crash, the independence of bitcoin relative to other assets has been challenged as it dropped by more than the S&P500 index. Many are tempted to conclude by saying the diversification argument does not hold anymore. The Research Department of SEBA Bank has a different opinion, based on an analysis of three examples of financial stress with a focus on gold. This precious metal is an asset revered as a classic diversifier and, like bitcoin, does not belong to the official monetary system.