Cora's at Tiangge Tiangge is your best bet for pearls of any kind, cultured or South Sea. Whatever they're selling on the beach still probably comes from here. Don't be fooled. One of our tourmates bought a pearl set for P650 at baybayin which they found out only cost P150 at Snake Island and P70 at the market. But if you want South Sea pearls from Zamboanga, they will really cost you thousands. The perfect ones are sent to Manila, so don't expect the highest quality pearls here.
NCCC, the only large shopping center has a department store and supermarket. Goods are generally cheaper than in Manila.
There are craft stores along Rizal Avenue if you want native souvenirs (which you should have bought at Iwahig if you needed pasalubong in the first place).
It's worth going to the market for food such as dried fish, dried squid, and cashew products. If you want fresh fish, they would be happy to wrap them well for you so that you can handcarry them home. But to temper expectations, compare:
Presentation, presentation, presentation!
Mango products cannot be brought outside of Palawan because it is forbidden. There is a weevil infestation that they are trying to contain.
If you're looking for familiar names, Jollibee, Chowking, Dunkin Donuts, Mister Donut, Mang Inasal and Shakeys have branches in Puerto Princesa city proper. No McDonalds. I didn't notice Mercury Drug but Biochemist seems to be the known drug store.
I really have to mention that the money circulating in Palawan is old, Often taped together. Nothing a vending machine would accept. But other than that, you'll have a good time shopping.
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