The Alaska Milkmen and San Miguel Beermen played for the 69th championship contested by the league as the country celebrates its centennial year.
The Alaska Milkmen regain the All-Filipino Cup crown with a 4–3 series victory against the San Miguel Beermen and repeated as back-to-back champions, winning their 8th PBA title.
San Miguel forward Art Dela Cruz was fined P12,000 when he threw the ball at Alaska center Poch Juinio and punch him in the face in a near scuffle, Juinio was fined P5,000 when he elbowed Dela Cruz in the neck, both were spared from suspension by the Commissioner's office Alaska controlled the game for most of the way but the Beer rallied in the final minute, a triple by Mike Mustre gave San Miguel a 92–88 edge.
The Milkmen raced to a 59–35 lead in the third period, Allan Caidic's triple keyed a 10–0 uprising by the Beer to cut the deficit to 14 points but Kenneth Duremdes, playing one of his best games, completed a steal off Allan Caidic and a feed to Bong Hawkins, who scored a buzzer-beating lay-up gave the Milkmen a 63–45 lead going into the final quarter.
Alaska was protecting a 10-point lead, 64–54, when the Beer battled back with seven straight points anchored on a three-point play from Nelson Asaytono and a jumper by rookie Danny Ildefonso to close the gap, 61–64, entering the final two minutes.