Makati

City of Makati  is one of the 16 cities that make up Metro Manila, one of the most populous metropolitan areas in the world. Makati is the financial center of the Philippines and one of the major financial, commercial and economic hubs in Asia. As the host of various embassies, it is also an important center for international affairs.

With a population of 510,383, Makati is the 16th largest city in the country and ranked as the 44th most densely populated city in the world with 18,654 inhabitants per km2.

Makati was founded by Spaniard Miguel López de Legazpi, who dismissed Makati as a worthless swamp. According to folklore, Legazpi asked for 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,” literally meaning ebbing tide.

Makati became the financial center of the Philippines during the 1950s. Many districts and landmarks in the city have become well known to outsiders. Makati has been iconified as the "Financial Capital of the Philippines". Anchored by Ayala Avenue, Makati is the financial capital of the Philippines and is the home of the Philippine Stock Exchange and the Makati Business Club, one of the most important economic hubs in the Philippines. World-class research universities are located in the city.

Central Business District (CBD) is where most of Makati's financial resources are concentrated. This is an informal district bounded by EDSA, Gil Puyat Ave., Antonio Arnaiz Avenue/Pasay Road, and Chino Roces Avenue. It mainly encompasses Legazpi 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 tall skyscrapers rise and are underconstruction 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 Southeast 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.