The City of Makati
The City of Makati, or simply Makati, is one of the cities and municipalities that make up Metro Manila, the greater metropolitan area of the national capital of the Philippines. It is the major financial, commercial and economic hub in the Philippines, often referred to as the financial capital of the Philippines since many global companies have their offices and headquarters in the city. Makati is also home to the influential Makati Business Club and the Philippine Stock Exchange. Ayala Avenue, running through the heart of downtown Makati Central Business District is often called the Wall Street of the Philippines.
Makati is noted for its highly cosmopolitan culture, also being a major cultural and entertainment hub in Metro Manila. Many expatriates live and work in the city. Makati is also home to many first-class shopping malls, which are located at Ayala Center and Rockwell Center. Makati also has the tallest buildings in the Philippines like PBCOM Tower, G.T. International Tower.
The city also has many of the country's five-star hotels like The Peninsula Manila, the Shangri-La Hotel Makati and the Intercontinental Hotel Manila. Independent business travelers also benefit from budget hotels like the Saint Illian's Inn, El Cielito Inn, The Copa Businessman's Hotel, and The City Garden Suites, while serviced apartments like The Salcedo Suites, Fraser Place Manila, Jupiter Suites (Jupiter Arms Hotel) and The Oxford Suites are gaining in popularity among business-minded travelers as well.
Makati came from the Tagalog word kati, which means tide. This primarily refers to the rise and ebb of the tide of the Pasig River on the city's northern border. The city was also known as San Pedro de Macati during the Spanish era.
Today the city is one of the most modern cities in the country and the Philippines' major global economic competitor in Asia. However, it faces challenges due to the disparate gap between the new city in the west, which contains the Central Business District, and the old city in the east, which is largely poor and where most of the city's slums are located. Makati city is said to be the most outstanding city in the Philippines.
1578: It was Miguel López de Legazpi, the founder of Manila and first Governor-General of the Philippines, who first spotted the area, which he dismissed then as a worthless swamp. Legazpi asked the name of the place but, because of the language barrier, was misinterpreted by the natives. Pointing to the receding tide of Pasig River, the natives answered, “Makati, kumakati na” meaning “ebbing tide.”
Geography and Landmarks
Makati is located within the quadrangle of 14′40″ °north and 121′3″ °E right at the center of Metro Manila. The city is bounded on the north by the Pasig River, facing Mandaluyong City, on the northeast by Pasig City, on the southeast by the municipality of Pateros and Taguig City, on the northwest by the City of Manila, and on the southwest by Pasay City. Makati has a total land area of 27.36 square kilometers; it constitutes 4.3 % of Metro Manila's total land area.
The Philippine Stock Exchange.
At the center of the city is the Central Business District (CBD) where many companies in the Philippines have their offices or headquarters. This is where many of the country's tallest skyscrapers are located. The Makati skyline is one of the most impressive sights in Metro Manila.
Two of Metro Manila's main arteries pass through Makati. The Epifanio De los Santos Avenue (EDSA) pass along the southeast part of Makati and connects the city with Mandaluyong City and Pasay City. The South Luzon Expressway (SLEX) runs through the western part of Makati and connects the city with Manila to the north and with southern Metro Manila. The Skyway, an elevated highway built on top of SLEX, provides residents coming from southern Metro Manila a fast way to reach Makati. SLEX and EDSA intersect at the Magallanes Interchange, which is the most complex system of elevated roadways in Metro Manila.
Other major roads in Makati include Buendia Avenue, also called Sen. Gil Puyat Avenue, which connects EDSA and SLEX in the north; Ayala Avenue, an important street that runs through the Central Business District; and Makati Avenue, which connects Ayala Avenue with Buendia Avenue, also extending north to cross the Pasig River to Mandaluyong City. At the center of Makati is the Ayala Triangle, a park built on the former Nielsen Air Base.
Makati's sister city is Los Angeles, California. Makati is also twinned with Ramapo, New York.
Makati City and Taguig have recently fought over the jurisdiction of Fort Bonifacio. This Philippine military base, most of which has been converted to a modern commercial and residential development area, lies in an ambiguous area. A portion of the base, including the Libingan ng mga Bayani (Cemetery for the Heroes) and the Manila American Cemetery and Memorial lies within Taguig, while the northern portion where the development center is now located used to be considered part of Makati. A 2003 ruling by a judge in the Pasig Regional Trial Court has upheld the jurisdiction of Taguig over the whole of Fort Bonifacio, including the Fort Bonfacio Global City.
The Supreme Court on June 27, 2008 per Leonardo Quisumbing, dismissed the suit of the Makati City, seeking to nullify Special Patents 3595 and 3596 signed by Fidel Ramos conveying to the Bases Conversion and Development Authority public land in Fort Bonifacio, Taguig City. Because of a pending civil case filed by the Taguig City government asking the court to define its territorial boundaries, Makati therefore cannot stop Taguig from collecting taxes on land located in Fort Bonifacio. Taguig City is a big threat to Makati City where round-the-clock construction of office and residential towers, as well as hotels and retail and commercial areas, BPO and Call Centers are now transferring to Taguig City.
Makati City has a population of 444,867, according to the 2000 Census. This figure represents an increase of 39,824 or 8% over the 1995 Census figure. Among the cities and municipalities in Metro Manila, Makati ranks fifth in population, with a 5% share. In a span of 97 years, Makati's population grew 193 times. The 1903 Census placed the population at 2,700.
Although its population is slightly less than half a million, the daytime population of Makati City is estimated to be a million during a typical working weekday because of the large number of people who go to the city to work, shop, and do business, especially in the Central Business District.
The Central Business District (CBD) is where most of Makati's financial resources are concentrated. This is an informal district bounded by EDSA, Sen. Gil Puyat Avenue (formerly Buendia), Antonio Arnaiz Road (formerly Pasay Road), and Chino Roces (formerly Pasong Tamo). It mainly encompasses Legaspi Village, Salcedo Village, Ayala Center, and parts of Bel-Air. Much of the area is owned by Ayala Land, Inc and administered through Makati Commercial Estates Authority (MACEA), its subsidiary.
Many skyscrapers rise in this area. PBCom Tower along Ayala Avenue is the country's tallest building and reaches up 259 meters. It is the headquarters of the Philippine Bank of Communications, or PBCom. The Makati CBD is considered to be one of the most vibrant commercial districts in South-East Asia.
One of the trading floors of the Philippine Stock Exchange is housed in Ayala Tower One and at the old Makati Stock Exchange Building, both also along Ayala Avenue. The Bank of the Philippine Islands (BPI), the country's oldest bank, has its headquarters at the corner of Ayala Avenue and Paseo de Roxas.
Other companies that have their offices and country/regional headquarters within Makati City, most within the CBD, include Philippine Savings Bank (PSBank), IBM, Procter & Gamble, Citibank, Ayala Corporation, Development Bank of the Philippines (DBP), Metrobank, Intel Philippines, Microsoft Philippines, Nestlé, Syngenta, Shell, Convergys Corporation, Commonwealth Insurance Company (CIC), PeopleSupport, Pan Pacific Computer Center, Inc. (PPCC), Colgate-Palmolive Philippines, Inc., Holcim Philippines, and JG Summit, Accenture. Hewlett Packard's main Philippines office and an HP service center are in Makati City. Asiana Airlines operates a sales office on the sixth floor of the Salcedo Tower in Makati City.
In 1975 Philippine Airlines was headquartered in the PAL Building in Makati City.
The Embassy of Switzerland, which serves the Philippines, Federated States of Micronesia, and Palau, is located on the 24th floor of the Equitable Bank Tower in Makati City.
Ayala Center, along EDSA and Ayala Avenue is the most known commercial center in the city. Developed by the Ayala Corporation, it contains two shopping malls, Glorietta and Greenbelt, five hotels, and an office building. The larger of the two shopping malls is Glorietta, which itself is a cluster of malls. Rising from Glorietta 4 is the Ascott Tower(formerly Oakwood Premier), a luxurious hotel-apartment residence at the heart of the center. Along the periphery of Glorietta are three department stores: SM Department Store Makati, Rustan's, and the Landmark. Across Makati Avenue from Glorietta is Greenbelt. This is one of the most sophisticated, modern, and expensive malls in the country. Greenbelt features dozens of coffee stores and restaurants, all overlooking a well-landscaped green park at the center where a domed Catholic chapel dominates the skyline. Other hotels in the vicinity of Ayala Center are the Makati Shangri-la Hotel, the Manila Peninsula, the Dusit Hotel Nikkō, Manila Garden, the Hotel Intercontinental Manila, and Renaissance Makati City Hotel. Soon to rise is the Raffles Residences Manila, now under construction at the corner of Makati Avenue and Arnaiz Avenue (formerly Pasay Road).
Rockwell Center is the other first-class shopping center in Makati. Rockwell features the large Power Plant Mall popular with expatriates. At the periphery of the center are many high-class residential condominium towers, the Asian Eye Institute, and the Ateneo de Manila Professional Schools main campus, which houses the Ateneo Law School, the Ateneo Graduate School of Business, and the Ateneo School of Government.
Housing and residences
Many of the country's wealthiest families live in North and South Forbes Park, originally developed in 1948, and Dasmariñas Village, first developed in the 1960s, on the other side of EDSA from the Central Business District. Other well-to-do people live in San Lorenzo Village, Urdaneta Village, Bel-Air Village, and Magallanes Village. These 'villages' are not rural settlements, but gated communities. Many wealthy and middle-class Makati residents live in high-rise condominiums in Salcedo Village and Legazpi Village, two mixed-use zones located in the heart of the CBD. Most of the average residents of the city live in the city's periphery, especially in the eastern portions of Rizal, East and West Rembo, Pembo, Comembo, South Cembo, and Pitogo.
Over-crowded housing and 'squatting,' especially for the poor residents of the city, remains an acute problem.
Education, culture, and sports
Educational Institutions in Makati City
* AMA Computer College
Makati City is home to the Asian Institute of Management (AIM). AIM, located along Paseo de Roxas across Greenbelt began as a collaborative project of the Ateneo de Manila University and De La Salle University. The Ateneo Professional Schools, a unit of the Ateneo de Manila University has facilities in Rockwell Center and Salcedo Village. The Rockwell campus houses the Ateneo Law School, the Ateneo Graduate School of Business, and the Ateneo School of Government. The Salcedo campus houses the Ateneo Information Technology Institute. De La Salle University's Professional Schools operates in RCBC Tower along Ayala Avenue. The Mapua Institute of Technology on Gil Puyat (formerly Buendia) Avenue is an extension of Mapua in Intramuros in Manila.
Other notable colleges and Universities in Makati are the Asian Seminary of Christian Ministries (ASCM), Don Bosco Technical Institute Makati, Assumption College, Colegio San Agustin, Our Lady of Guadalupe Minor Seminary, Asia Pacific College, the University of Makati. Assumption College, in San Lorenzo Village, is an all-female college. The University of Makati (officially, Pamantasan ng Makati) is a university run by the city government. Also in the city are the Makati Science High School and Benigno 'Ninoy' Aquino High School, both city-run high schools. Remedios Trinidad Romualdez Memorial Schools, named after Doña Remedios Romualdez, the mother of the former first-lady Imelda Romualdez-Marcos a private nursing school owned by of one of Makati's renowned hospitals, Makati Medical Center.
The Sta. Ana Racetrack, which actually part of the City of Manila, beside Pasig River in the northern part of the city, is one of the two centers of horseracing in the country—the other being the San Lazaro Leisure Park in Carmona, Cavite. Along the south-eastern border of Makati beyond Forbes Park are the Manila Golf Club and the Manila Polo Club. The Manila Golf Club features an 18-hole golf course amidst the lush greenery of the city. The Manila Polo Club counts among its polo enthusiasts some of the country's wealthiest people. The Makati Sports Club in Salcedo Village is another popular place for sports people. The Makati Coliseum is another famous sports landmark in the city, where some of the biggest sports gatherings are held.
The Ayala Center also features, aside from its shopping malls, the Ayala Museum. This museum is most noted for its series of dioramas depicting major events in Philippine history, from the Battle of Mactan to the People Power Revolution.
Makati has many Spanish-era churches, such as the Our Lady of Guadalupe and the Nuestra Señora de Gracia (Our Lady of Grace) in the old town. At the Greenbelt Park stands the modern domed chapel of the Sto. Niño de la Paz. Between Forbes Park and Dasmariñas Village 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.
At the northern part of the city is the 25-hectare Manila South Cemetery. Every All Saints Day, thousands of people flock to the cemetery to pay their respects to their deceased loved ones.
Buses plying the Epifanio De los Santos Avenue (EDSA) route from Baclaran in Paranaque to Quezon City and Caloocan City pass through the Central Business District daily. Jeepneys ply Makati's inner roads, and connect the city to its surrounding towns and cities. The Metro Rail Transit (MRT-3) on EDSA has four stations located in Makati: Guadalupe, Buendia, Ayala and Magallanes.
The Pasig River is located on the North of this city. The Pasig River Ferry Service has 2 stations. The following stations are Guadalupe and Valenzuela.
Like other cities in the Philippines, Makati City is governed by a Mayor and Vice Mayor who are elected to three-year terms. The Mayor is the executive head and leads the city's departments in executing the city ordinances and improving public services. The Vice Mayor heads a legislative council consisting of 18 members: 8 Councilors from the First District, 8 Councilors from the Second District, the President of the Sangguniang Kabataan (Youth Council) Federation, representing the youth sector, and the President of the Association of Barangay Chairmen (ABC) as barangay sectoral representative. The council is in charge of creating the city's policies in the form of Ordinances and Resolutions.
The official seal of Makati City depicts a silhouette of the territory of Makati. At the bottom is the Pasig River, located on the northern border of the city. The Guadalupe Church stands on the river and is the oldest church in Makati—a reference to Spanish influence. Behind the church rises the skyscrapers for which Makati City is well-known. Behind the skyscrapers are 33 rays representing the barangays of Makati. Makati city is divided into 33 barangays. These barangays are grouped into two congressional districts, with each district represented by a congressman in the House of Representatives. Congressional District I occupies the western and modern half of the city, while District II covers the poorer half.
Current Officials (2007–2010)
Marcelino Magsaysay, (1901–1903)
* Romania Cluj-Napoca, Romania
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