Learning Objective: This is a reinforcing-travel class. At the end of the session, the participants are expected to be able to learn more about Makati City.

Introduction

The City of Makati (pronounced /məˈkɑːtɪ/ mə-KAH-tee; Filipino: Makati), in the Philippines, is one of the 17 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.

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/financial district, and the old city in the east, which is largely poor and where most of the slums are located.