Makati

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Makati is a highly urbanized city in the Philippines located in the Metro Manila region. It is known as the financial center of the Philippines and is one of the most populous cities in the country. Makati is renowned for its developed business district, vibrant nightlife, and cultural landmarks.

History

Makati's history dates back to the early 16th century when it was part of the Kingdom of Namayan. The area was primarily agricultural until the Spanish colonial period when it became a center for trade and commerce. The name "Makati" is derived from the Tagalog word "kati," meaning tide, referring to the tide of the Pasig River.

During the American colonial period, Makati began to develop into a residential and commercial area. The establishment of the Ayala Corporation in the 1950s marked the beginning of Makati's transformation into a modern business district. The development of the Makati Central Business District (CBD) solidified its status as the financial hub of the Philippines.

Geography

Makati is bordered by Manila to the northwest, Mandaluyong to the north, Pasig to the northeast, Taguig to the southeast, Pateros to the south, and Pasay to the southwest. The city covers an area of approximately 27.36 square kilometers.

Economy

Makati is the leading financial and commercial hub in the Philippines. It hosts the headquarters of major banks, corporations, and multinational companies. The Philippine Stock Exchange is also located in Makati, further cementing its role as the financial capital of the country.

The city is home to numerous shopping centers, including Ayala Center, Greenbelt, and Glorietta. These malls offer a wide range of retail, dining, and entertainment options, attracting both locals and tourists.

Culture and Landmarks

Makati boasts a rich cultural heritage with several notable landmarks. The Ayala Museum showcases Filipino art, history, and culture. The Nuestra Señora de Gracia Church, built in the 17th century, is one of the oldest churches in Makati and a popular site for weddings.

The city also hosts various festivals and events, such as the Caracol Festival, which celebrates the city's cultural diversity and environmental awareness.

Education

Makati is home to several prestigious educational institutions, including the Asian Institute of Management, Ateneo Graduate School of Business, and Mapúa University Makati. These institutions offer a range of undergraduate and graduate programs, contributing to the city's reputation as an educational hub.

Transportation

Makati is well-connected by various modes of transportation. The Makati CBD is served by the Metro Rail Transit Line 3 (MRT-3), with stations at Ayala Avenue and Buendia. The city also has an extensive network of jeepneys, buses, and taxis, making it accessible from different parts of Metro Manila.

Government

Makati is governed by a mayor-council system. The current mayor is Abigail Binay, who has been in office since 2016. The city council is responsible for legislating local policies and ordinances.

Related Pages

• Metro Manila
• Pasig River
• Ayala Corporation
• Philippine Stock Exchange
• Ayala Museum
• Asian Institute of Management

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