[5] The Spanish word is also used to describe a pathway or cluster of tables set up at some place of gathering such as a theatre, tournament or market,[5] and it is from this latter sense that palengke likely derives its usage in the Filipino context.
[6] While its use in Latin America to describe such a gathering is attested, the word itself originates from Spanish and not any of the indigenous languages; the mistaken belief of the word's indigenous origin is probably reinforced by Palenque—the famous Maya archaeological site in Chiapas, Mexico—which was named after the nearby Spanish village when the site was rediscovered in the mid-18th century.
[9] The Philippine government retains some control over the price of some commodities sold in palengke, especially critical foods such as rice.
[14] Prominent local politician Mar Roxas used the nickname Mr. Palengke to his advantage, gaining a Senate seat in the 2004 Philippine general election.
A specific case is the "Mutya ng Pasig Market" which was renovated in late 2008, from a traditional palengke into more of a shopping mall.