The Carlos Palanca Memorial Awards for Literature is an annual literary competition in the Philippines, established in 1950. It aims to recognize and promote outstanding literary works in various genres, including fiction, poetry, and essays. Named after the Filipino businessman and philanthropist Carlos Palanca Sr., the awards celebrate both established and emerging writers. The awards are open to Filipino citizens and are divided into several categories, such as English, Filipino, and regional languages. Winning entries receive cash prizes and are often published, contributing to the rich literary heritage of the Philippines and encouraging the development of local literature.