THE government is optimistic that the targets this year for industry and services (I&S) and the financial sector under the Philippine Development Plan (PDP) are achievable, the National Economic and Development Authority (NEDA) said.

In a statement issued over the weekend based on the initial results of an ongoing assessment and validation conducted by a committee under it, NEDA said that according to the Planning Committee on Economic Development, indicators in the I&S sectors that were validated to have a high probability of meeting their 2014 targets include improvement of gross value-added in services, the Philippine Innovation Index, Doing Business global ranking, and labor productivity.

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