Liwayway Arceo (b. 1920) was a multi-awarded Tagalog fictionist, journalist, radio scriptwriter and editor from the Philippines.

Arceo was the author of well-received novels such as Canal de la Reina (1985) and Titser (1995). She also published collections of short stories such as Ina, Maybahay, Anak at iba pa, Mga Maria, Mga Eva, Ang Mag-anak na Cruz (1990), and Mga Kuwento ng Pag-ibig (1997). Most of her books were published by Ateneo de Manila University Press and The University of the Philippines Press.

Arceo made her mark as a lead actress in a Japanese and Philippine film produced during World War II. The film Tatlong Maria was produced by two movie companies: X'Otic Pictures of the Philippines and Eiga Hekusa of Japan in 1944. She also ventured into radio by Ilaw ng Tahanan, a long-running radio serial. Ilaw ng Tahanan became a television soap opera aired in RPN 9 during the late 1970s.

Arceo received a Carlos Palanca for Short Story in Filipino (Filipino (Tagalog) Division) in 1962; a Japan Foundation Visiting Fellowship in 1992; a Gawad CCP for Literature given by the Cultural Center of the Philippines in 1993; a Doctorate on Humane Letters, honoris causa, from the University of the Philippines in 1991; the Catholic Authors Award from the Asian Catholic Publishers in 1990, and the Gawad Balagtas Life Achievement Award for Fiction from the Unyon ng mga Manunulat sa Pilipinas (Writers Union of the Philippines or UMPIL) in 1998. In 1999, Liwayway Arceo received a Philippine National Centennial Commission award for her prioneering and exemplary contributions in the field of literature.