Makati City
The City of Makati (pronounced /məˈkɑːtɪ/ mə-KAH-tee; Filipino: 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[citation needed]. 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 40th 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.
The City
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 home to many first-class shopping malls, such as Ayala Center and Rockwell Center, top hotels like The Peninsula Manila, the Shangri-La Hotel Makati and the Intercontinental Hotel Manila, and the tallest buildings in the Philippines like PBCom Tower, G.T. International Tower. The city is the economic capital of the Philippines and also faces challenges due to the 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 slums are located.
History
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.”
1578 to 1670 Makati was a “visita” or district of Santa Ana de Sapa under the jurisdiction of a Franciscan priest named Pedro de Alfaro. Makati was then known as San Pedro de Makati in honor of its patron saint. In this community, the friars established two of the earliest churches in the Philippines — the Nuestra Señora de Gracia in Guadalupe and the Church of Sts. Peter and Paul — in Makati, which attracted the faithful from all over the country.
1900 At the turn of the century, the Americans established Fort McKinley in Makati.
1901 San Pedro de Macati, with a population of 25,000, was incorporated into the province of Rizal.
February 28, 1914 The Philippine Legislature passed Act 2390, shortening the name San Pedro de Macati to Makati in the 1930s, the first airport of Luzon, Nielson Field, opened in what is now the Ayala Triangle.
1950s to 1970s The first centrally planned communities were established in the 1950s, and since the 1970s, Makati has been the undisputed financial and commercial capital, the once worthless swampland becoming prime real property.[citation needed]
1975 Makati was separated from Rizal province along with Caloocan, Malabon, Navotas, Quezon City, Marikina, San Juan, Pasig, Mandaluyong, Pateros, Taguig, Pasay City, Parañaque, Las Pinas, and Muntinlupa.
1980s Makati has also figured prominently in the political history of the Filipino. The community was one of the cradles of the revolt against Spanish colonial rule, and following the assassination of Ninoy Aquino in 1983, the epicenter of the protest movement against the dictatorship of President Ferdinand E. Marcos.
1986 Jejomar C. Binay was inaugurated as an acting mayor by Corazon C. Aquino after the People Power Revolution in EDSA and he was elected as mayor in 1987.
January 2, 1995 Makati became an independent city by virtue of Republic Act 7854.
June 30, 1998 The Lone District of Makati City was separated and divided into 2 districts. Lone District Representative Joker Arroyo became the representative of the first district, while Senator Agapito Aquino was elected representative of second district. Elenita Binay became the first female city mayor.
July 27, 2003 The so-called Oakwood Mutiny was staged at the Oakwood Hotel by the Magdalo soldiers, in protest against President Gloria Macapagal-Arroyo.
October 19, 2007 An accidental methane gas explosion ripped apart a section of the Glorietta Mall at 1:30 PM, killing 11 people.
November 29, 2007 In a continuation of events stemming from the Oakwood Mutiny, 25 Magdalo Officers led by Senator Antonio Trillanes IV and Brigadier General Danilo Lim overtook the Manila Peninsula Hotel in what has been referred to as the Manila Pen Siege.
Population
Makati City has a population of 567,349, according to the 2007 Census (includes disputed barangays). This figure represents an increase of 95,970 over the 2000 Census figure. Among the cities and municipalities in Metro Manila, Makati ranks fifth in population, with a 5% share. The 1903 Census placed the population at 2,700.
Although its population is slightly more 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.[citation needed]
Economy
The 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.[citation needed]
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.[1][2] 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.[citation needed]
Other companies that have their offices and country/regional headquarters within Makati City, most within the CBD, include Thomson Reuters, Philippine Savings Bank (PSBank), IBM, Procter & Gamble, Citibank, Ayala Corporation, Development Bank of the Philippines (DBP), Metrobank, Intel Philippines, Microsoft Philippines, Nestlé, Syngenta, Shell, Startek International Ltd. Convergys Corporation, Commonwealth Insurance Company (CIC), Aegis PeopleSupport, Inc. (APS), Pan Pacific Computer Center, Inc. (PPCC), Colgate-Palmolive Philippines, Inc., Holcim Philippines,CEMEX PHILIPPINES and JG Summit, Accenture.[citation needed] Hewlett Packard's main Philippines office and an HP service center are in Makati City.[3] Asiana Airlines operates a sales office on the sixth floor of the Salcedo Tower in Makati City.[4]
In 1975 Philippine Airlines was headquartered in the PAL Building in Makati City.[5]
Government
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.
Seal of Makati City
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. 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. and what
City council (2010-2013)
Mayor Jejomar Erwin S. Binay, Jr.
Vice Mayor Romulo "Kid" Pena, Jr.
1st District
Congresswoman Monique Q. Lagdameo
Councilors
Virgilio V. Hilario, Sr.
Maria Concepcion Yabut
Arnold C. Magpantay
Manuel Monsour Del Rosario III
Tosca Puno-Ramos
Romeo Medina.
Marie Alethea Casal-Uy
Ferdinand Eusebio.
2nd District
Congresswoman Atty. Mar-len Abigail S. Binay
Councilors
Nemesio Yabut, Jr.
Mary Ruth Tolentino
Ma. Theresa Nilo de Lara
Henry Jacome
Leonardo Magpantay
Salvador Pangilinan
Nelson Pasia
Vincent Sese
Barangay
Bangkal
Bel-Air
Carmona
Cembo
Comembo
Dasmariñas
EastRembo
Forbes Park
Guadalupe Nuevo
Guadalupe Viejo
Kasilawan
La Paz
Magallanes
Olympia
Palanan
Pembo
Pinagkaisahan
Pio del Pilar
Pitogo
Poblacion
Post Proper Northside
Post Proper Southside
Rembo
Rizal
San Antonio
San Isidro
San Lorenzo
Santa Cruz
Singkamas
South Cembo
Tejeros
Urdaneta
Valenzuela
West Rembo
http://www.makati.gov.ph
With a population of 510,383, Makati is the 16th largest city in the country and ranked as the 40th 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.
The City
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 home to many first-class shopping malls, such as Ayala Center and Rockwell Center, top hotels like The Peninsula Manila, the Shangri-La Hotel Makati and the Intercontinental Hotel Manila, and the tallest buildings in the Philippines like PBCom Tower, G.T. International Tower. The city is the economic capital of the Philippines and also faces challenges due to the 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 slums are located.
History
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.”
1578 to 1670 Makati was a “visita” or district of Santa Ana de Sapa under the jurisdiction of a Franciscan priest named Pedro de Alfaro. Makati was then known as San Pedro de Makati in honor of its patron saint. In this community, the friars established two of the earliest churches in the Philippines — the Nuestra Señora de Gracia in Guadalupe and the Church of Sts. Peter and Paul — in Makati, which attracted the faithful from all over the country.
1900 At the turn of the century, the Americans established Fort McKinley in Makati.
1901 San Pedro de Macati, with a population of 25,000, was incorporated into the province of Rizal.
February 28, 1914 The Philippine Legislature passed Act 2390, shortening the name San Pedro de Macati to Makati in the 1930s, the first airport of Luzon, Nielson Field, opened in what is now the Ayala Triangle.
1950s to 1970s The first centrally planned communities were established in the 1950s, and since the 1970s, Makati has been the undisputed financial and commercial capital, the once worthless swampland becoming prime real property.[citation needed]
1975 Makati was separated from Rizal province along with Caloocan, Malabon, Navotas, Quezon City, Marikina, San Juan, Pasig, Mandaluyong, Pateros, Taguig, Pasay City, Parañaque, Las Pinas, and Muntinlupa.
1980s Makati has also figured prominently in the political history of the Filipino. The community was one of the cradles of the revolt against Spanish colonial rule, and following the assassination of Ninoy Aquino in 1983, the epicenter of the protest movement against the dictatorship of President Ferdinand E. Marcos.
1986 Jejomar C. Binay was inaugurated as an acting mayor by Corazon C. Aquino after the People Power Revolution in EDSA and he was elected as mayor in 1987.
January 2, 1995 Makati became an independent city by virtue of Republic Act 7854.
June 30, 1998 The Lone District of Makati City was separated and divided into 2 districts. Lone District Representative Joker Arroyo became the representative of the first district, while Senator Agapito Aquino was elected representative of second district. Elenita Binay became the first female city mayor.
July 27, 2003 The so-called Oakwood Mutiny was staged at the Oakwood Hotel by the Magdalo soldiers, in protest against President Gloria Macapagal-Arroyo.
October 19, 2007 An accidental methane gas explosion ripped apart a section of the Glorietta Mall at 1:30 PM, killing 11 people.
November 29, 2007 In a continuation of events stemming from the Oakwood Mutiny, 25 Magdalo Officers led by Senator Antonio Trillanes IV and Brigadier General Danilo Lim overtook the Manila Peninsula Hotel in what has been referred to as the Manila Pen Siege.
Population
Makati City has a population of 567,349, according to the 2007 Census (includes disputed barangays). This figure represents an increase of 95,970 over the 2000 Census figure. Among the cities and municipalities in Metro Manila, Makati ranks fifth in population, with a 5% share. The 1903 Census placed the population at 2,700.
Although its population is slightly more 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.[citation needed]
Economy
The 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.[citation needed]
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.[1][2] 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.[citation needed]
Other companies that have their offices and country/regional headquarters within Makati City, most within the CBD, include Thomson Reuters, Philippine Savings Bank (PSBank), IBM, Procter & Gamble, Citibank, Ayala Corporation, Development Bank of the Philippines (DBP), Metrobank, Intel Philippines, Microsoft Philippines, Nestlé, Syngenta, Shell, Startek International Ltd. Convergys Corporation, Commonwealth Insurance Company (CIC), Aegis PeopleSupport, Inc. (APS), Pan Pacific Computer Center, Inc. (PPCC), Colgate-Palmolive Philippines, Inc., Holcim Philippines,CEMEX PHILIPPINES and JG Summit, Accenture.[citation needed] Hewlett Packard's main Philippines office and an HP service center are in Makati City.[3] Asiana Airlines operates a sales office on the sixth floor of the Salcedo Tower in Makati City.[4]
In 1975 Philippine Airlines was headquartered in the PAL Building in Makati City.[5]
Government
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.
Seal of Makati City
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. 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. and what
City council (2010-2013)
Mayor Jejomar Erwin S. Binay, Jr.
Vice Mayor Romulo "Kid" Pena, Jr.
1st District
Congresswoman Monique Q. Lagdameo
Councilors
Virgilio V. Hilario, Sr.
Maria Concepcion Yabut
Arnold C. Magpantay
Manuel Monsour Del Rosario III
Tosca Puno-Ramos
Romeo Medina.
Marie Alethea Casal-Uy
Ferdinand Eusebio.
2nd District
Congresswoman Atty. Mar-len Abigail S. Binay
Councilors
Nemesio Yabut, Jr.
Mary Ruth Tolentino
Ma. Theresa Nilo de Lara
Henry Jacome
Leonardo Magpantay
Salvador Pangilinan
Nelson Pasia
Vincent Sese
Barangay
Bangkal
Bel-Air
Carmona
Cembo
Comembo
Dasmariñas
EastRembo
Forbes Park
Guadalupe Nuevo
Guadalupe Viejo
Kasilawan
La Paz
Magallanes
Olympia
Palanan
Pembo
Pinagkaisahan
Pio del Pilar
Pitogo
Poblacion
Post Proper Northside
Post Proper Southside
Rembo
Rizal
San Antonio
San Isidro
San Lorenzo
Santa Cruz
Singkamas
South Cembo
Tejeros
Urdaneta
Valenzuela
West Rembo
http://www.makati.gov.ph