Kris and KC Concepcion hosted the awarding ceremony of the annual film fest at the Meralco Theater in Ortigas. The actress also stars in one of the competing entries, "Sisterakas," along with Vice Ganda and Ai Ai delas Alas.
In a post on the image-sharing site Instagram on Friday, Aquino is seen posing in the cleavage-baring dress, which she credited to designer Cary Santiago.
As the delayed telecast of the awards night aired Friday, viewers took to micro-blogging site Twitter to rave about Aquino's bold fashion choice.
Several netizens called the gown "daring," while others joked that her outfit deserved an "award" of its own. Most of the "tweets" were posted with the hashtag "MMFFAwardsNight," which became among the top local trending topics on Friday night.
At the awarding ceremony, the family drama "One More Try" was named Best Picture. The Emilio Aguinaldo biopic "El Presidente" was awarded 2nd Best Picture, while Aquino's "Sisterakas" took home the 3rd Best Picture award.