July 31, 2011

Makati, Philippines

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.

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.

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