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Makati

Makati
Highly Urbanized City
Lungsód ng Makati
Makati Central Business District
Makati Avenue Legazpi Village skyline
Don Bosco Church Ayala Triangle
Makati CBD at night
Clockwise from top: Makati skyline at day, Legazpi Village, Ayala Triangle, Makati skyline at night, Don Bosco Church, Makati Avenue
Official seal of Makati
Seal
Nickname(s): The Financial Capital of the Philippines
The Wall Street of the Philippines
Motto: Makati, Mahalín Natin, Atin Itó.
("Makati, let us love it, it is ours.")
Location within Metro Manila
Location within Metro Manila
Makati is located in Philippines
Makati
Makati
Location within the Philippines
Coordinates: 14°33′N 121°02′E / 14.55°N 121.03°E / 14.55; 121.03Coordinates: 14°33′N 121°02′E / 14.55°N 121.03°E / 14.55; 121.03
Country Philippines
Region National Capital
Districts 1st and 2nd districts of Makati City
Settled November 4, 1670
Cityhood February 4, 1995
Barangays 33
Government
 • Type Mayor–council government
 • Mayor Mar-Len Abigail "Abby" S. Binay-Campos (UNA)
 • Vice Mayor Monique Yazmin "Nik" Lagdameo (UNA)
 • Makati City Councilors
Area
 • Total 21.73 km2 (8.39 sq mi)
Elevation 15.4 m (50.5 ft)
Population (2015 census)
 • Total 582,602
 • Density 27,000/km2 (69,000/sq mi)
Time zone PST (UTC+8)
ZIP Code 1200 to 1299
Dialing code +63 (0)02
Website www.makati.gov.ph

Makati (/məˈkɑːti/ mə-KAH-tee Tagalog pronunciation: [maˈkati]), officially the City of Makati (Filipino: Lungsod ng Makati), in the Philippines, is one of the sixteen cities that make up Metro Manila.

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 is situated along the city's Ayala Avenue. Makati is also known for being a major cultural and entertainment hub in Metro Manila.

With a population of 582,602, Makati is the 17th-largest 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 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.

Tradition holds that a Tagalog at a swamp on the south of the Pasig River was asked by a visitor, who was Miguel López de Legazpi, for the name of the place. As a result of the language barrier the question was misinterpreted, and the Tagalog pointed to the receding tide of the Pasig River, and he answered, "Makati, kumákáti na", ("Ebbing, the tide is ebbing").


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