The 2008 Philippine Basketball Association (PBA) Fiesta Conference, also known as the 2008 Smart PBA Fiesta Conference for sponsorship reasons, was the last conference of the 2007-08 PBA season. The tournament began on March 29 with a game between the Coca-Cola Tigers and the Talk 'N Text Phone Pals at Panabo, Davao del Norte. Opening ceremonies were held the day after at the Araneta Coliseum. All ten teams are permitted to acquire one non-Filipino (the "import") of unlimited height as reinforcement. Furthermore, the two worst performers in the elimination round of the previous conference (the Coca-Cola Tigers and the Welcoat Dragons), will also be able to acquire another import but with a height limit of 6 ft.

Tournament format

Elimination round

Team standings

Schedule

Bracket

Wildcard phase

First round

Second round

Quarterfinals

(3) Barangay Ginebra vs. (9) Sta. Lucia

(4) Coca-Cola vs. (5) Magnolia

Semifinals

(1) Air21 vs. (5) Magnolia

(2) Red Bull vs. (3) Barangay Ginebra

Third place playoff

Finals

Awards

Imports

The following is the list of imports, which had played for their respective teams at least once, with the returning imports in italics. Highlighted are the imports who stayed with their respective teams for the whole conference.