MakatiFrom Wikipedia, the free encyclopediaMakati City

Highly urbanized city

Lungsod ng Makati

(From top, left to right): Makati skyline at night,BPIHeadquarters,Ayala Avenue,Greenbelt Mall,Ninoy AquinoStatue,MRT-3,EDSA-Guadalupe

Seal

Nickname(s):The Financial Capital of the PhilippinesThe Wall Street of the Philippines

Motto:Makati, Mahalin Natin, Atin Ito(Makati, let us love it, it is ours)

Location within Metro Manila

Makati CityLocation within the Philippines

Coordinates:1433N12102ECoordinates:1433N12102E

CountryPhilippines

RegionNational Capital

Districts1st and 2nd districts of Makati City

SettledNovember 4, 1670

CityhoodJanuary 2, 1995

Barangays33

Government

TypeMayorcouncil government

Mayor (acting)Rmulo V. Pea, Jr. (LP)

Vice Mayor (acting)Leonardo Magpantay (UNA)[1]

Makati City CouncilCouncilors[show]

Area[2]

Total21.57km2(8.33sqmi)

Elevation15.4m (50.5ft)

Population(2010)[3]

Total529,039

Density25,000/km2(64,000/sqmi)

Time zonePST(UTC+8)

ZIP Code1200 to 1299

Dialing code02

Websitewww.makati.gov.ph

Makati(/mkti/m-kah-teeTagalog pronunciation:[makati]), officially theCity of Makati(Filipino:Lungsod ng Makati), in thePhilippines, is one of the sixteencitiesthat make upMetro Manila. Makati is located within the circle of 1440 north and 1213 E right at the center of Metro Manila.Makati is the financial center of thePhilippines; it has the highest concentration of multinational and local corporations in the country.[4]Major banks, corporations, department stores as well as foreign embassies are based in Makati. The biggest trading floor of thePhilippine Stock Exchangeis situated along the city'sAyala Avenue.[5][6]Makati is also known for being a major cultural and entertainment hub inMetro Manila.[7]With a population of 529,039 Makati is the 16th-largest city in the country and ranked as the 41st mostdensely populated cityin the world with 19,336 inhabitants per square kilometer. Although its population is just 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.[8]Contents[hide] 1Etymology 2History 2.1American period 2.2Post-war 3Geography 3.1Climate 4Demographics 5Economy and infrastructure 5.1Shopping centers 6Education 7Historical sites 7.1Hagdang Bato 7.2Museo ng Makati 7.3Nuestra Seora de Gracia Church 7.4Saints Peter and Paul Church 8Culture and sports 9Future development 10Transportation 10.1Land 10.2Train 10.3Airport 10.4Water 11Local government 11.1List of mayors 11.2Seal of Makati City 12International relations 12.1Diplomatic missions 12.2Twin towns Sister cities 13See also 14References 15External linksEtymology[edit]Tradition holds that the firstGovernor-General of the Philippines,Miguel Lpez de Legazpi, whilst exploring a swamp on the south of thePasig River, asked for the name of the place, but was misinterpreted by the nativeTagalog peopledue tolanguage barriers. Pointing to the receding tide of the Pasig River, the Tagalogs answered, Makati, kumakati na", ("Ebbing, the tide is ebbing").[9]History[edit]Parts of the city were once subject to the of pre-HispanicKingdom of Namayan, whose capital is now in theSanta Anadistrict ofManila. The Spanish then assigned the area to the town of Santa Ana de Sapa and in the 1600s[10]began to be developed as a pilgrimage center around the churches ofOur Lady of Guadalupe(nowOur Lady of Grace) and of Saints Peter and Paul in what is today thepoblacin, built by missionary friars to attract worshippers, and also as a farming community. It became an independent municipality in 1670, and was christenedSan Pedro de Macatiin honour of the town'spatron,Saint Peter. The town was also famous for its pottery industry since the 18th century, with skilled potters trained byJesuitpriests.[citation needed]Its strategic location also made it a pitstop for pilgrims, travelling by foot or boat, towards the shrine ofOur Lady of Peace and Good VoyageinAntipolo.In 1851, Don Jos Bonifacio Roxas (an ancestor of theZobel de Ayala family) purchased theJesuitestate of "Haciendade San Pedro de Macati" for 52,800 pesos.[11]Since then, the development of Makati has remained linked with theZbel de Ayala familyand their company,Ayala Corporation.[12]The town was a cradle of Filipino passive resistance against Spanish colonial rule in the 1890s and the subsequentPhilippine Revolution, with the participation of the localKatipunancouncil based in the area withPio del Pilar, a local resident from the village of Culi-Culi, as its president.[citation needed]Culi-Culi is now a barangay named in honour of Del Pilar.American period[edit]By 1898,Spainceded the Philippines and other overseas possessions to theUnited Statesafter the former's defeat in theSpanishAmerican War. In 1901, the Americans declared the whole area south of the Pasig River, including the town of San Pedro de Macati, down toAlabanginMuntinlupa, a US military reservation, thus establishingFort McKinley(nowFort Bonifacio). That same year, the whole town, with a population of 25,000, was incorporated fromManilato the new province ofRizal, with Marcelino Magsaysay serving as the town president.[citation needed]As the 1910s approached, theMeralcotranvia lines to Fort McKinley and to the western end of the town were built, opening transport lines for its residents and thus brought along potential investors who opened several businesses including the famous Santa Ana Cabaret at the terminus of the streetcar lines.In February 28, 1914, theThe Philippine Legislaturepassed Act 2390, shortening the name, San Pedro de Macati, to simply Makati. In the 1930s, the first airport inLuzonisland,Nielsen Field, opened in what is now theAyala Triangle, and the tracks of what is now thePhilippine National Railwaysreached the town very early in the decade. During that same period, Santa Ana Park, the nation's second horse racing facility, opened to expectations from horse racing fans.[citation needed]Post-war[edit]

Ayala Avenue (1982).After the destructionSecond World Warhad brought upon Makati, and the subsequent closure ofNielson Field, the town grew rapidly, and real estate values boomed. The first of the planned communities (in what are now the barangaysForbes Park, Urdaneta, San Lorenzo andBel-Air) were established in the 1950s with the efforts of its landowner,Ayala y Compaa. At the same time, Fort McKinley, then renamed Fort Bonifacio, and the thenPhilippine Armyheadquarters, became the starting point for the building up of seven more communities by military families who worked in the base area. The first office buildings were built on what is now theMakati Central Business District. Since the late 1960s, Makati has transformed into the financial and commercial capital of the country.[10]During the terms of town mayors Mximo Estrella, Rafael Baola, Jos Luciano, Czar Alzona and Nemesio Yabut, massive development of the town took place, and foreign and local investors were welcomed to what was tagged as the nation's number one municipality at the time. Makati's central location adjacent to the city ofManilaalso made it an industrial hub for major national and international corporations. Partly as a result a new town hall just miles from the old one was built in 1962 just alongJ.P. Rizal Avenue(the old hall was later converted into the city museum). Mayor Baola's term of office as town executive saw the building up of what is now theAyala Centerwith the help of the Ayala firm, which would become the city's central shopping center of today.In 1975, Makati was separated from Rizal province along withCaloocan,Malabon,Navotas,Quezon City,Marikina,San Juan,Pasig,Mandaluyong,Pateros,Taguig,Pasay City,Paraaque,Las Pias, andMuntinlupa, to become part of theNational Capital Regionas a component municipality.Following theassassinationof opposition senatorBenigno Aquino, Jr.on 21 August 1983, Makati became a nexus for protests against the dictatorship ofPresidentFerdinand E. Marcos. Known as theConfetti Revolution, the demonstrations held in the central business district were led partly by employees of major corporations based in the area, culminating in the 1986People Power Revolutionthat toppled Marcos 20-year authoritarian regime. His political rival and successor,Corazon C. Aquinothe wife of the deceased senator Aquinobecame the eleventh and first female president of the Philippines. After the death of Mayor Yabut during the Revolution, Aquino appointedJejomar Binayas acting mayor of the town of Makati; he was subsequentlyelected as mayorin 1988. His first term as the town executive would see the events of a 1989coup d'etatattempt in the town's business district, and would help usher the building of the country's first skyscrapers in the early 1990s.On May 17, 2000 at 5:02p.m., theGlorietta Malllocated inside theAyala Centerwas bombed, injuring 13 persons. According to local authorities, the homemade bomb originated from a restroom of a restaurant a video arcade. The bombing was said to be the precursor of the May 21, 2000SM Megamallbombing and theRizal Day bombings.[13]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 aliquefied petroleum gasexplosion at a restaurant, but later began investigating the possibility that the explosion may have been aC-4 bomb.[14][15]Geography[edit]

Contested territory between Makati and Taguig which includesBonifacio Global CityMakati is located within the circle of 1440 north and 1213 E right at the center of Metro Manila. The city is bounded on the north by thePasig River, facingMandaluyong, on the northeast byPasig, on the southeast by the municipality ofPaterosandTaguig, on the northwest by the city ofManila, and on the southwest byPasay. Makati has a total land area of 27.36 square kilometres (10.56sqmi); it constitutes 4.3% ofMetro Manila's total land area[citation needed].Climate[edit]Under theKppen climate classificationsystem, the city features atropical monsoon climate. Together with the rest of the Philippines, Makati lies entirely within the tropics. Its proximity to the equator means that the temperature range is very small, rarely going lower than 20C (68F) and going higher than 38C (100F). However, humidity levels are usually very high which makes it feel much warmer. It has a distinct, albeit relatively short dry season from January through May, and a relatively lengthy wet season from June through December.[hide]Climate data for Makati, Philippines

MonthJanFebMarAprMayJunJulAugSepOctNovDecYear

Average high C (F)30(86)30(86)31(88)33(91)34(93)34(93)33(91)31(88)31(88)31(88)31(88)31(88)31.7(89.1)

Average low C (F)21(70)21(70)21(70)22(72)23(73)24(75)24(75)24(75)24(75)24(75)23(73)22(72)22.75(72.95)

Averageprecipitationmm (inches)25.4(1)25.4(1)38.1(1.5)25.4(1)38.1(1.5)127(5)254(10)431.8(17)406.4(16)355.6(14)203.2(8)152.4(6)2,082.8(82)

Source: makaticity.com[16]

Demographics[edit]Population Census

YearPop.% p.a.

19032,700

1960114,540+6.80%

1970264,918+8.74%

1975334,448+4.78%

1980372,631+2.18%

1990451,170+1.93%

1995484,176+1.33%

2000471,3790.57%

2007510,383+1.10%

2010529,039+1.32%

Makati has a population of 529,039 as of the 2010 census.[3]Makati ranks ninth in population size withinMetro Manilamunicipalities. 88.9% of Makati residents identified their religious affiliation asRoman Catholic.[citation needed]Other groups having large number of members in the city areThe Church of Jesus Christ of Latter-day Saints,Ang Dating Daan,Iglesia ni Cristo,Protestantism,Islam,Hinduism,BuddhismandJudaism.[17]Based on the citys Transport and Traffic Improvement Plan 2004-2014, the citys 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.[18]The daily influx of people into the city provides the skilledlabor forcethat 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.[18]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.[18]