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Makati ( ; ), officially the City of Makati (), is a highly urbanized city in the Metro Manila of the Philippines, known for being one of the leading financial centers in the country. As of 2013, the city has the highest concentration of multinational and local corporations in the Philippines. Major banks, corporations, department stores as well as foreign embassies are based in Makati. Makati is also known for being a major cultural and entertainment hub in Metro Manila. According to the 2020 census, it had a population of 629,616 people, making it the 47th most populous city in the country and 8th most populous in Metro Manila. Makati is one of the most densely populated city proper areas globally, ranking 8th worldwide and 2nd in the Philippines, after Manila, with a population density of .
In 2023, the Philippine Statistics Authority reported that the estimated GDP per capita of Makati was , making it the highest GDP per capita in the Philippines.
Previously, it was named San Pedro de Macati, a name stylized in Spanish language, until 1914. The first part of the name is derived from Spanish for Saint Peter, the then-town's patron saint, chosen by his namesake, Spanish captain Pedro de Brito, for his encomienda "Hacienda Pedro" (now part of the present-day city), and in honor of Rev. Fr. Pedro de los Montes, who built the namesake church now known as Saints Peter and Paul Parish Church.
In 1851, Don José Bonifacio Roxas, an ancestor of the Zóbel de Ayala family, purchased the estate from the Jesuits for 52,800 pesos and named it "Hacienda San Pedro de Macati". Since then, the development of Makati has remained linked with the Zóbel de Ayala family and their company, Ayala Corporation. In 1890, San Pedro de Macati was proclaimed as a public town of Manila province.
As of 1934, Makati had 14 barangays according to the Rizal provincial directory, namely: Poblacion, Comandante Carmona, Culiculi (present-day Pio del Pilar), Guadalupe, Fort McKinley, Malapadnabato (present-day West Rembo), Masilang (present-day South Cembo), Kasilawan, Olimpia (Olympia), Palanan, Pinagkaisajan (Pinagkaisahan), Rural, Sampalukan, and Tejeros. Fort McKinley, Malapadnabato, and Masilang were previously parts of Pateros.
On November 7, 1975, Makati was separated from Rizal province to become part of the Metro Manila as a component municipality.
Makati was the setting of what is believed to be the single biggest case of involuntary disappearance during martial law – the case of the "Southern Tagalog 10" – ten activists from the nearby Southern Tagalog region, mostly in their twenties, who were abducted in late July 1977 at the Makati Medical Center.
Following the assassination of opposition senator Benigno Aquino Jr. on August 21, 1983, Makati became a nexus for protests against the dictatorship of President Ferdinand Marcos. Known as the Confetti Revolution, the demonstrations held in the central business district were led partly by employees of major corporations based in the area, culminating in the 1986 People Power Revolution that toppled Marcos' 20-year authoritarian regime. His political rival and successor, Corazon Aquino–the wife of the deceased senator Aquino–became the eleventh and first female president of the Philippines. After Mayor Nemesio Yabut succumbed to an illness on February 25, 1986, coinciding with the last day of the People Power Revolution, Aquino appointed Jejomar Binay as acting mayor of Makati two days later; he was subsequently elected as mayor in 1988.
In January 1986, by virtue of Presidential Proclamation No. 2475, s. 1986, the Fort Bonifacio, including the Embo barangays of Cembo, South Cembo, West Rembo, East Rembo, Comembo, Pembo and Pitogo were declared as part of Makati. The proclamation was contested by Taguig because it altered the municipality's boundaries unconstitutionally, which resulted in a three-decade long territorial dispute.
During the 1989 Philippine coup attempt, the Makati central business district was occupied by Reform the Armed Forces Movement forces seeking to overthrow President Corazon Aquino. The resulting standoff lasted from December 2 to 9 and contributed to massive financial losses incurred due to the paralysis in the economic hub.
On October 19, 2007, an explosion in Glorietta 2 left eleven people dead and injured more than a hundred. Initially, authorities said that it was caused by a liquefied petroleum gas explosion at a restaurant, but later began investigating the possibility that the explosion may have been a C-4 bomb.
In April 2022, Makati lost in the three decades-long territorial dispute with Taguig, which was ruled with finality a year later in April 2023. The city was ordered to refrain from exercising jurisdiction over the ten Embo barangays, which were reintegrated to Taguig. Makati lost an estimated 300,000 people from its population following the lost of the Embo barangays. The city also lost its boundaries with Pasig and Pateros, while the city borders of Taguig were extended up to Mandaluyong. Makati's 2nd Congressional District was put it into limbo in the aftermath of losing the Embo barangays, as it does not meet the constitutional requirement of 250,000 people since 10 out of 13 barangays are now under Taguig. There is a possibility that Makati may be reduced back to a single congressional district but pending legislation, the status quo of its existence is expected to prevail.
From 1986 to 2023, Cembo, South Cembo, West Rembo, East Rembo, Comembo, Pembo, Pitogo, Post Proper Northside, Post Proper Southside, and Rizal, which collectively known as the Embo barangays, were declared as part of Makati by virtue of Proclamation No. 2475 issued by President Ferdinand Marcos in 1986. The Proclamation unconstitutionally placed Fort Bonifacio and the Embo barangays as part of Makati, where they were represented by Makati's 2nd Congressional District until 2023. They were reintegrated to Taguig by the 2022 Supreme Court ruling regarding the territorial dispute between Makati and Taguig that was ruled with finality in 2023, declaring that the entirety of Fort Bonifacio, including the Embo barangays, are part of Taguig.
Bangkal | 0.74 | 23,378 | 21,650 | 17,576 |
Bel-Air | 1.71 | 18,280 | 23,685 | 36,007 |
Carmona | 0.34 | 3,096 | 3,109 | 2,745 |
Dasmariñas | 1.90 | 5,654 | 5,589 | 4,160 |
Forbes Park | 2.53 | 2,533 | 2,335 | 3,715 |
Guadalupe Nuevo | 0.57 | 18,271 | 18,341 | 20,533 |
Guadalupe Viejo | 0.62 | 16,411 | 13,415 | 12,900 |
Kasilawan | 0.09 | 5,291 | 5,881 | 4,827 |
La Paz | 0.32 | 7,931 | 7,356 | 6,346 |
Magallanes | 1.20 | 5,576 | 5,672 | 5,267 |
Olympia | 1.20 | 21,270 | 20,251 | 18,654 |
Palanan | 0.65 | 17,283 | 14,110 | 11,623 |
Pinagkaisahan | 0.16 | 5,804 | 5,468 | 4,710 |
Pio del Pilar | 1.20 | 27,035 | 30,732 | 50,722 |
Poblacion | 1.03 | 17,120 | 25,393 | 16,706 |
San Antonio | 0.89 | 11,443 | 16,840 | 17,494 |
San Isidro | 0.50 | 7,589 | 8,045 | 6,098 |
San Lorenzo | 2.09 | 10,006 | 12,995 | 14,054 |
Singkamas | 0.13 | 7,426 | 7,370 | 7,218 |
Sta. Cruz | 0.47 | 7,440 | 7,207 | 6,333 |
Tejeros | 0.29 | 13,868 | 13,696 | 15,122 |
Urdaneta | 0.74 | 3,717 | 4,429 | 4,563 |
Valenzuela | 0.24 | 7,261 | 6,310 | 5,370 |
In August 2022, the city government declared a climate emergency, amid rising sea levels and global temperature changes.
Makati undertakes climate adaptation programs to address vulnerabilities to climate change, which include health services to residents, emergency response, and environmental management and protection. It intends to increase projects to address climate change, including a planned purchase of more electric vehicles, installation of solar panels in public schools and government offices, and improvement of public transport to lessen greenhouse gas emissions.
Based on the city's Transport and Traffic Improvement Plan 2004–2014, the city's daytime population is estimated to be 3.7 million during weekdays, owing to the large number of people who come to work, do business, or shop.
The daily influx of people into the city provides the skilled labor force that allows Makati to handle the service requirements of domestic as well as international transactions; it also serves as the base of a large consumer market that fuels the retail and service trade in the city. At the same time, however, the large tidal population flows exert pressure on Makati's environment, services, and utilities, most noticeably causing large traffic volumes along the major road corridors leading to the city as well as within and at the periphery of the central business district.
Makati is the second top revenue earner in the Metro Manila, following Quezon City at first place. The city has not increased its tax rates since its new Revenue Code took effect in 2006, and has been free of deficit for about three decades.
Most of the tallest skyscrapers in Metro Manila and the Philippines are located in Makati. Among them are the PBCom Tower, Trump Tower Manila and Gramercy Residences in Century City, Discovery Primea, Shang Salcedo Place, and G.T. International Tower. PBCom Tower along Ayala Avenue was the country's tallest office building from 2001 to 2017, with a total ground-to-architectural-top height of . It was surpassed in 2017 by the Metrobank Center in Taguig with a total architectural height of .
In addition, Evangelista Street in Barangay Bangkal is known for being the site of automobile repair shops, replacement automobile parts stores, tire and wheel stores, car air-conditioning unit repair shops, and car tint stores, almost similar to Banawe Street in Quezon City.
The Ayala Center is a major commercial development operated by Ayala Land located in the Makati CBD. The center is known for its wide array of shopping, entertainment, and cultural offerings, making it a premier shopping and cultural district in the metropolis. It is a vast walkable complex with high-end malls that houses cinemas, local and international shops, homegrown restaurants and international food chains. The shopping malls that are located at the Ayala Center include Greenbelt, Glorietta, Park Square, The Link, and Ayala Malls One Ayala. The Ayala Center is also home to three department stores, namely: SM Makati, Rustan's, and The Landmark.
Other shopping centers in Makati include Power Plant Mall at Rockwell Center, Century City Mall at Century City, Ayala Malls Circuit at Circuit Makati, Cash & Carry Mall, Walter Mart Makati, Makati Central Square (formerly Makati Cinema Square), Guadalupe Commercial Center, Paseo de Magallanes, and pocket malls at various high-rise residential condominiums or office buildings in the city.
The incumbent mayor is Abigail Binay, the daughter of former mayor and former Vice President Jejomar Binay, of the Nationalist People's Coalition and the local party Makatizens United Party. Monique Lagdameo, also a member of the Makatizens United Party, is the incumbent vice mayor. Current district representatives of the city to the House of Representatives are Romulo "Kid" Peña Jr., representing the 1st district, and Luis Jose Angel Campos Jr., husband of Abby Binay, for the 2nd district.
The map of Makati is in golden yellow color which represents wealth and prosperity. The rays represent the 33 barangays of Makati (including the 10 Embo barangays ceded to Taguig in 2023) which are described to be "surging forward to a brighter future". The color of the buildings symbolizes life which is described to reflect a "new progressive" Makati. The church represents the oldest church of Makati, the Nuestra Señora de Gracia, which was used by Filipino revolutionaries against the Spaniards in 1896 and the Americans in 1898. The waves represent the tide which came from the phrase " Makati na, Kumakati na" which means ebbing tide in Tagalog.
The city's only professional sports team was the Makati OKBet Kings, which joined the Maharlika Pilipinas Basketball League in its second season.
In the northwest, the Blue Pitch at Circuit Makati is a multi-use stadium, used not just for football games but since 2017 serves as the primary hub of the Philippine-American Football League. The site of Circuit Makati was also previously occupied by the Santa Ana Park, a racetrack whose operations were transferred to Naic, Cavite, in 2009. The University of Makati Stadium, now part of Taguig, was the home venue of Philippines Football League club Kaya F.C.–Makati until the team's move to Iloilo City.
The Ayala Museum is a private fine arts and history museum housing various exhibitions such as the "Gold of Ancestors," an exhibition of more than one thousand golden pre-Hispanic artifacts. Other popular museums also in Makati also include the Yuchengco Museum and the Museo ng Makati.
Makati has several Spanish-era churches, such as the Saints Peter and Paul Parish, Our Lady of Guadalupe Parish, and the Nuestra Señora de Gracia Church (Our Lady of Grace) in the old town. At the Greenbelt Park stands the modern domed Sto. Niño de Paz Greenbelt Chapel. Located in Forbes Park is the Santuario de San Antonio, a popular church for weddings in the Makati area. The National Shrine of the Sacred Heart is located in San Antonio Village. Makati also houses the country's only Jewish synagogue, Beth Yaacov.
There is a red-light district around Padre Burgos Street in Barangay Poblacion.
The areas of Guadalupe and of Ayala Center are considered as major transport hubs. Ayala Center hosts One Ayala, a complex with an intermodal transport hub, and various public transportation stops. The BGC Bus also connects the city to Bonifacio Global City, with a terminal at the McKinley Exchange Corporate Center near Ayala Center. Provincial and city buses, including Premium Point-to-Point Bus Service, ply the city through EDSA, Osmeña Highway, Kalayaan Avenue, or the central business/financial district towards other parts of Metro Manila and Southern Luzon. ply Makati's inner roads and connect the city to its surrounding towns and cities. Tricycles are also used for shorter distances except at most of the Central Business District, exclusive villages, and some major roads.
The country's first-ever e-jeepney and hybrid bus services were piloted in Makati. The buses are parallel electric hybrids, powered by an electric motor and a Euro 3 diesel motor. The hybrid buses ply the route from Gil Puyat Avenue (Tramo Street area) to Kalayaan Avenue (near C-5), which are considered among the busiest in the city's central business district, cutting through other major roads like Osmeña Highway; Chino Roces, Ayala and Makati Avenues; Paseo de Roxas and EDSA.
Other major roads in the city include Gil Puyat Avenue, which connects EDSA and SLEX in the north; Ayala Avenue, an important street that runs through the Makati CBD; McKinley Road, which connects the city to Bonifacio Global City; Arnaiz Avenue, which connects the city to Pasay; Osmeña Highway, which connects SLEX to the city of Manila; Makati Avenue, which connects the Makati CBD to Poblacion, also extending north to the Makati–Mandaluyong Bridge; and J. P. Rizal Avenue, the oldest main thoroughfare of Makati which connects it to the cities of Manila and Taguig. At the center of Makati is the Ayala Triangle, a park built on the former Nielson Field. According to the city's Department of Engineering and Public Works, the city had of concrete roads and of asphalt roads prior to the transfer of Embo barangays to Taguig.
The Philippine National Railways has three stations in the city: Dela Rosa, Pasay Road and EDSA. Pasay Road, formerly known as Culi-culi and Pio del Pilar, is the first railway station in Makati, having been initially opened in 1908. Dela Rosa replaced the old Buendia station in 2017. All aforementioned stations are part of the PNR South Main Line. The operations of PNR Metro Commuter Line, which serves the South Main Line, is currently suspended due to the construction of North–South Commuter Railway, which will have stations at Buendia and EDSA.
In 2013, the National Economic and Development Authority (NEDA) worked on a feasibility study for a $1.75 billion monorail project. The proposed elevated monorail is envisioned to connect Makati, Bonifacio Global City and Pasay through MRT Line 3, as well as Ninoy Aquino International Airport. The present alignment being considered starts from the Guadalupe MRT station, enters Bonifacio Global City through the north gate and ends at Ninoy Aquino International Airport Terminal 3.
In 2015, NEDA approved the Public-Private Partnership project for the Makati-Pasay-Taguig Mass Transit System Loop which will have stations at key points in Makati, namely: Buendia MRT station, Ayala-EDSA, Ayala Triangle, Makati Post Office and PNR-Buendia. The project was later shelved and partially revived in 2018 as the Makati Intra-City Subway which inherits most of the stations in Makati. The Intra-City Subway project was later stalled in 2023 due to the transfer of the Embo barangays to Taguig, which won the territorial dispute with Makati.
Several higher education institutions headquartered outside the city have established branch or satellite campuses in Makati. These include the Ateneo de Manila University (Ateneo Professional Schools), De La Salle University, Far Eastern University, Mapúa University, Lyceum of the Philippines University, Centro Escolar University, and AMA Computer College Colleges, among others.
Australian Catholic University, a foreign institution, maintains an extension program in Makati.
As of 2024, the Schools Division Office (SDO) of Makati City oversees 23 public schools: 16 elementary schools and 7 high schools. In 2023, as a result of the Makati–Taguig boundary dispute ruling, 14 public elementary and high schools, including the Makati Science High School, were transferred from the SDO of Makati City to the SDO of Taguig City and Pateros. Makati later appealed to the national Department of Education to retain the management of Makati Science High School, Fort Bonifacio Elementary School, and Fort Bonifacio High School, but the city's appeal was denied, leaving the city without a science high school.
Rafael Palma Elementary School, which is under the jurisdiction of the neighboring city of Manila's Division of City Schools, is located in Barangay La Paz, near the Makati–Manila boundary.
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