Makati (City of Makati)
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Makati is the financial center of the Philippines; it has the highest concentration of multinational and local corporations in the country. Major banks, corporations, department stores as well as foreign embassies are based in Makati. The biggest trading floor of the Philippine Stock Exchange used to be situated along the city's Ayala Avenue, before the stock exchange moved their headquarters to the Bonifacio Global City in Taguig. Makati is also known for being a major cultural and entertainment hub in Metro Manila.
According to the 2020 census, it has a population of 629,616 people making it as the 17th most populous city in the country and ranked as the 41st most densely populated city in the world with 19,336 inhabitants per square kilometer. Although its population is just above half a million, the daytime population of the city is estimated to be more than one million during a typical working day because of the large number of people who go to the city to work, shop, and do business.
Parts of the city were once subject to the pre-Hispanic Kingdom of Namayan, whose capital is now in the Santa Ana district of Manila. While under the jurisdiction of the Franciscan friars during the 17th century, it was established as a town in 1670 under the name San Pedro Macati out of the southern barangays of the then-town of Santa Ana.
In 1851, Don José Bonifacio Róxas (an ancestor of the Zóbel de Ayala family) purchased the Jesuit estate of "Hacienda San Pedro de Macati" for 52,800 pesos. 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. In 1901, it was incorporated into the newly-established province of Rizal. On February 28, 1914, the name of the town was shortened to its present name of Makati, by virtue of Philippine Legislature Act No. 2390.
On January 1, 1942, Makati was one of the municipalities of Rizal merged alongside Manila and Quezon City to form the City of Greater Manila as an emergency measure by President Manuel L. Quezon. It regained its pre-war status as a municipality of Rizal when the City of Greater Manila was dissolved by President Sergio Osmeña effective August 1, 1945.
Map - Makati (City of Makati)
Map
Country - Philippines
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| Flag of the Philippines | |
Negritos, some of the archipelago's earliest inhabitants, were followed by successive waves of Austronesian peoples. Adoption of animism, Hinduism and Islam established island-kingdoms called Kedatuan, Rajahnates, and Sultanates. The arrival of Ferdinand Magellan, a Portuguese explorer leading a fleet for Spain, marked the beginning of Spanish colonization. In 1543, Spanish explorer Ruy López de Villalobos named the archipelago Las Islas Filipinas in honor of Philip II of Spain. Spanish settlement through Mexico, beginning in 1565, led to the Philippines becoming ruled by the Spanish Empire for more than 300 years. During this time, Catholicism became the dominant religion, and Manila became the western hub of trans-Pacific trade. In 1896, the Philippine Revolution began, which then became entwined with the 1898 Spanish–American War. Spain ceded the territory to the United States, while Filipino revolutionaries declared the First Philippine Republic. The ensuing Philippine–American War ended with the United States establishing control over the territory, which they maintained until the Japanese invasion of the islands during World War II. Following liberation, the Philippines became independent in 1946. Since then, the unitary sovereign state has often had a tumultuous experience with democracy, which included the overthrow of a decades-long dictatorship by a nonviolent revolution.
Currency / Language
| ISO | Currency | Symbol | Significant figures |
|---|---|---|---|
| PHP | Philippine peso | ₱ | 2 |
| ISO | Language |
|---|---|
| EN | English language |
| TL | Tagalog language |