The 44th Don Carlos Palanca Memorial Awards for Literature was held to commemorate the memory of Don Carlos Palanca Sr. through an endeavor that would promote education and culture in the country.
This year saw the inclusion of a new category, Dulang Pampelikula [Screenplay], for the Filipino Division.
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The 1994 winners were divided into fourteen categories, open only to English and Filipino [Tagalog] short story, short story for children, poetry, essay, one-act play, and full-length play, plus the Dulang Pantelebisyon and Dulang Pampelikula, open only for the Filipino Division: