Makati City is the main commercial, financial, and economic hub in the Philippines. It is home to the Philippine Stock Exchange and the prestigious Makati Business Club. Because of these, the city is deemed as the country's financial capital. This city is one of the municipalities and cities that comprise Metro Manila, the seat of the national government.
Makati City has a very polished culture and is one of the entertainment hubs in the National Capital Region. You'll find a lot of first-class malls, hotels, and restaurants as you travel along the city streets. As such, you'll find many expats engage in business and often times live here as well. Makati City is one of the most modern cities in the Philippines.
A Brief History of Makati
The city's name comes from the Tagalog 'kati', which translates to tide. This has reference to the tides of the Pasig River on the city's north. When the Spanish explorers, Miguel Legazpi in particular, asked the natives of the area about the name of the place, they misinterpreted what the natives said. The natives pointed out that it was makati, or 'the tide is ebbing' in their local dialect referring to the river tide. This in time became the name of present day Makati.
During the Spanish era, the place was known as San Pedro de Macati. It was incorporated into Rizal Province in 1901. It's rise in commerce started in the 1950's and has grown since. The city was also the cradle of protest movements after the assassination of then senator Ninoy Aquino in the 1980's. The city rose from a mere swampland into the Philippines' financial hub.
Makati City Climate
Like the rest of the metropolitan area of Manila, Makati City experiences two seasons - a wet and dry season. The wet season starts in June and ends in the first weeks of November and the dry season starts from late November to May. Summer here begins in March with temperatures going up to 37 degrees Celsius.
Things to See and Do in Makati
If there is one major thing that people most likely do in Makati City, that would be to do business. This area won't be that hard to find since all you have to do is take a taxi to Makati and find the place where there are many skyscrapers. The business district is bounded by Makati Avenue, Gil Puyat Avenue, Ayala Avenue, Chino Roces, and Arnaiz Road.
The Ayala Tower One houses one of the Philippine Stock Exchange's trading floors. Many major banks in the Philippines have offices and branches here. There are some foreign embassies located here as well. Some of the international and flourishing companies that have established local headquarters here are Convergys, Microsoft Philippines, IBM, Intel Philippines, Ayala Corporation, Procter and Gamble, Hewlett Packard, JG Summit, Accenture, Nestle, and Syngenta.
Another reason to visit is for shopping. There are two major shopping centers in the city, which are the Rockwell Center and Ayala Center. The Ayala Center has two first-class shopping malls, Greenbelt and Ayala Center, and some hotels. The Rockwell Center houses the Power Plant Mall, condo towers, and several prestigious schools. Besides these two huge malls you can find smaller malls like SM, Makati Cinema Square and Waltermart Makati.
Places to Eat, Party, and Hangout in Makati City
If you're looking for a place to eat, then there are many restaurants in Makati City, the first place you would look for is probably a mall. Malls house not only fastfood chains but also many restaurants. However, driving around Makati will reveal several other places where you can grab a bite.
If you're into barbecue and are a bit short on your cash on hand, then head off to Inengs Barbecue beside the Landmark. Cibo is an Italian restaurant with several branches, one of which is in Glorietta 4. If you're looking to try something Indian or Arabian then head on to the LKV Building in Makati Avenue and try Hossein's Persian Kebab. However, if you're simply up for something casual and would just like to sample Filipino dishes then try Sentro 1771 in Greenbelt 3. If you're up for fine dining and something Chinese to boot, then try Shang Palace in Shangri-la Hotel.
Where to Rest Your Head in Makati
There are many options for those who visit Makati City. Since the city is renowned as a major financial hub, you'll find international hotels here as well. Expect these to be pricier than what you'll regularly find anywhere else in the country.
For premier hotels, examples of these accommodations in Makati are The Makati Shangri-La on the corner of Ayala and Makati Avenue, Mandarin Oriental Manila on the corner of Makati Avenue and Paseo de Roxas, Hotel Inter-Continental along Ayala Avenue, and The Mandarin Oriental Manila. Other hotels of the same class worthy of note are The Peninsula Manila, Raffles Hotel, Fairmont, and the New World Renaissance.
Makati City - Business Class Destination
Makati City started out from a swampland in the colonial era to rise as a major financial center in the country. It is the country's commercial center and has the best of urban living at heart. People come here to engage in business during the day and to shop and party at night.
Surrounded by the municipalities of Manila, Taguig, Mandaluyong, and Pasig, Makati covers 27.36 square millimeters of total land mass, occupying 4.3 percent of Manila, which is the national capital of the Philippines. With almost half a million people living within the area, this city has experienced a tremendous boom in population during the past few years, making it one of the busiest and definitely one of the most crowded places in the country.
Aside from being a very progressive municipality, Makati City is generally considered the premier hub of business in the Philippines. As an outstanding location for businesses, the city plays home to tall skyscrapers, first-class hotels, and beautiful shopping malls. Because of the wonderful business atmosphere within the area, local, foreign, and multinational business enterprises have indeed found a true home in the wonderful city of Makati.
Makati serves a very important role in the financial operations and transactions in the Philippines. Right now, this place hosts influential business-related organizations such as the Philippine Stock Exchange and the very popular Makati Business Club. Simultaneously, the central business district called Ayala Center can also be found within this very progressive city. With the presence of world-class shopping centers in famous spots like the Power Plant Mall and Ayala Center, people can really feel and see the luxury and class of this very beautiful place.
When passing along Makati, people cannot help but notice the tall skyscrapers occupying the area. Buildings such as the G.T. International Tower and PBCOM Tower are the two highest buildings in the entire country. At the same time, the bright lights and classy façade of elegant hotels never fail to draw people into the very find establishments like the Intercontinental Hotel Manila, Shangri-La Hotel Makati, and the Peninsula Manila. Furthermore, there is also an abundance of classy thrift hotels within the area, including the City Garden Suites, El Cielito Inn, and Saint Illian’s Inn.
Additionally, Makati holds some of the best schools in the country, from elementary up to graduate schools as well as other types of higher education. Elementary students can enroll in competitive academic institutions like the Colegio San Agustin and Don Bosco Technical Institute Makati. Meanwhile, high school students can learn a lot from top-rated schools such as the Benigno Aquino High School and Makati Science High School. On the other hand, competitive higher education is provided by the Asia Pacific College, University of Makati, and Assumption College.