The Carlos Palanca Awards are prestigious literary awards in the Philippines, established in 1950. They honor outstanding works in various categories, including fiction, poetry, and essays, promoting the development of Filipino literature. The awards are named after Don Carlos Palanca Sr., a businessman and philanthropist who supported the arts. Each year, the awards recognize both established and emerging writers, encouraging creativity and excellence in literature. Winning a Palanca Award is considered a significant achievement in the Filipino literary community, often leading to greater visibility and opportunities for authors.