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Local elections was held in the Makati City on May 10, 2010 within the Philippine general election. The voters will elect for the elective local posts in the city: the mayor, vice mayor, two District representatives, and councilors, six in each of the city's two legislative districts.
Incumbents Jejomar Binay and Ernesto Mercado were on their third consecutive term as mayor and vice mayor of Makati City, respectively. Mercado announced that he is running for the mayorship of the city, while Binay decided to run for vice president as the running mate of former President Joseph Estrada of the Pwersa ng Masang Pilipino party. Binay and Mercado had confirmed their parting on December 2009 when the latter moved to the Nacionalista Party. His running mate was ABC President and Barangay Valenzuela Chairman Romulo Peña, Jr., who is running as an independent.
Binay's only son, Jejomar Erwin, Jr., ran for mayor as a candidate of PDP-Laban. He served as the city councilor from the 1st District since 1992. His running mate was singer and former 1st District city councilor Rico J. Puno. Puno served as councilor from the 1st District from 1998 to 2007.
Former Senator and 2nd District Congressman Agapito Aquino ran as an independent candidate. He and mayoralty candidates Binay and Mercado used to be political allies with the outgoing mayor. He became senator from 1987 to 1995 and congressman for three consecutive terms from 1998 to 2007. His running mate was Miguel Yabut, Jr., the eldest grandson of late Mayor Nemesio Yabut.