1992 Metro Manila Film Festival

The 18th Metro Manila Film Festival was held in 1992.

Screen heartthrob and matinée idol Aga Muhlach won his first major award, the Best Actor trophy for the film Bakit Labis Kitang Mahal. The movie also won three other awards including the Best Original Theme Song by the same title of the film for Alex Mallillin. Meanwhile, VIVA Films' Andres Manambit: Angkan ng Matatapang was adjudged the festival's Best Picture and won four other awards including the Best Director for Ike Jarlego, Jr. among others. Other awardees included Best Actress for Gina Alajar, Best Supporting Actress for Sylvia Sanchez and Best Child Performer for I.C. Mendoza. In addition, the year's festival introduced the new category for Best Float, received by the team of Okay Ka, Fairy Ko! Part 2 movie.

Awards
Winners are listed first and highlighted in boldface.

Ceremony information
The following are the key persons during the "Gabi ng Parangal" held in the PICC Reception Hall on December 28.
 * Hosts: Ricky Davao
 * Gretchen Barretto
 * Miguel Rodriguez
 * Maritoni Fernandez


 * Anchorperson: Ariel Ureta
 * Guest Performers:
 * Louie Reyes
 * Eugene Villaluz
 * Ding Mercado
 * Bobby Ongkiko Dancers
 * UP Concert Chorus
 * Melissa Gibbs
 * Janet Arnaiz
 * Donna Cruz
 * Jennifer Sevilla
 * Karen Timbol
 * Joey Palomar
 * Romnick Sarmenta
 * Ace Espinosa
 * Edgar Tejada
 * Jojo Abella
 * Nanette Inventor
 * Mitch Valdez
 * Rainmakers
 * Geneva Cruz
 * Timmy Cruz
 * Joey Ayala
 * Imelda Papin
 * Nora Aunor

Reception
The 18th MMFF logged the highest attendance out of any year of the festival's history at the time, with an attendance of 6.898 million. It also surpassed ₱100 million in total film gross for the first time.

Vice Mayor of Manila Lito Atienza criticized the festival for its "total commercialization" and losing its "reason of being, which is the promotion of good Filipino values through the arts."