MANILA, April 18 -- The National Economic and Development Authority (NEDA) said on Thursday, Secretary Arsenio Balisacan has urged businesses in the United States to invest in the Philippines, noting that the government has implemented several reforms to improve the country's investment climate.

During the Philippine Investors Dialogue at the Ritz-Carlton Hotel in the United States on April 17, Balisacan said there are several compelling reasons for investors to consider the Philippines as a destination of choice for business expansion.

"We have undertaken several transformative initiatives to substantially improve the investment climate. These reforms and initiatives clarify ambiguities in the rules, expand markets for our local indust...