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The rise of shopping malls and supermarkets have also been cited as threats to the old-school public markets. In a 2002 article, the president of the National Federation of Market Vendors Cooperatives, a cooperative of market vendors throughout the country, stated that the concept of the palengke was an integral part of Philippine culture.
Quinta Market (Filipino: Pamilihang Bayan ng Quinta; Spanish: Mercado de la Quinta), also known as Quiapo Market and officially called the Quinta Market and Fishport since 2017, is a palengke (public market) on Carlos Palanca (formerly Echague) Street in Quiapo, Manila, in the Philippines, along the banks of the Pasig River.
The Iloilo City Public Market, also known as Iloilo Central Market or Tienda Mayor, was a public market in Iloilo City, Philippines. It was one of the two largest palengkes in Iloilo City Proper , the other being the Iloilo Terminal Market, more commonly referred to locally as Super .
La Paz has been operated its own market even before its conglomeration with Iloilo City in 1937. The current La Paz Public Market traces its origins to the early 1920s, evolving from a reclaimed fishpond filled with dredged materials from the Iloilo River, as documented in the Quarterly Bulletin of the Bureau of Public Works in 1918.
A public market has a sponsoring entity that has legal and financial responsibility to oversee operations and, sometimes, provides facilities to house the market activity. Public markets may incorporate the traditional market activity – the sale of fresh food from open stalls – and may also offer a wide range of different products.
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [30] In 2025, the Philippine economy is estimated to be at ₱29.66 trillion ($507.6 billion), making it the world's 31st largest by nominal GDP and 11th largest in Asia according to the International Monetary Fund.
The Carbon Market is the largest market in Cebu City, Philippines. [1] It is the oldest market in the Central Visayas region. [2] As the largest market in the city, various wares are sold in Carbon, including dry goods such as clothing, kitchenware, and handicrafts, as well as wet goods, such as fruits, vegetables, and meat, among other goods, sold by approximately 6,000 vendors in the market.
The New Government Procurement Act of 2024, officially designated as Republic Act No. 12009, is a Philippine law which prescribes the necessary rules to address the lack of transparency and competition in government procurement, eliminate collusion and interference, and lessen the delay in the procurement process by creating the Government Procurement Policy Board (GPPB) and PhilGEPs.