Makati City Ph often referred to as the financial capital of the Philippines, is a vibrant urban hub that offers a unique blend of business, culture, leisure, and residential living. It is a city that never sleeps, constantly buzzing with activity, from towering skyscrapers housing multinational corporations to bustling markets and high-end shopping malls that draw in locals and tourists alike. For anyone looking to explore the best of what the Philippines has to offer in terms of urban experiences, Makati City is the place to be. In this comprehensive guide, we will explore everything you need to know about Makati City, from its history and economic importance to its cultural landmarks, dining scene, and why it is a top destination for both business travelers and tourists.
1. A Brief History of Makati City
Makati’s history dates back to the early 17th century, originally known as “San Pedro de Makati” when it was established as a town. The city’s growth was relatively slow until the early 20th century when the Ayala family, one of the country’s wealthiest families, began developing Makati into a modern commercial center. The development of the Makati Central Business District (CBD) in the 1960s cemented its status as the Philippines’ primary business and financial center.
Over the decades, Makati has transformed from a quiet town into a bustling metropolis that plays host to some of the world’s leading corporations, luxurious residential areas, and high-end shopping centers. It is now a symbol of progress, with a skyline that rivals any major city in Southeast Asia.
2. Why Makati is Known as the Financial Center of the Philippines
Makati is the undisputed financial heart of the Philippines. The Makati Central Business District (CBD) is home to the Philippine Stock Exchange, multinational banks, corporate headquarters, and major local companies. Here’s why Makati stands out as the economic hub of the country:
2.1 Corporate Headquarters
Makati is home to the country’s biggest conglomerates and multinational corporations. Companies from a wide range of industries, including finance, telecommunications, real estate, and energy, have set up their regional or national offices here. The city’s modern infrastructure and accessibility make it an attractive location for businesses.
2.2 Financial Institutions
Makati is also known for housing some of the top financial institutions in the Philippines. Many of the country’s largest banks, insurance companies, and investment firms are headquartered here. Additionally, it hosts a multitude of foreign banks, making it a crucial hub for both local and international financial transactions.
2.3 Ayala Avenue
Known as the “Wall Street of the Philippines,” Ayala Avenue is the main thoroughfare running through Makati’s business district. It is lined with skyscrapers, luxury hotels, and shopping malls, making it one of the most prominent landmarks in the city. Ayala Avenue also serves as a symbol of the economic power of Makati and remains one of the most sought-after addresses for businesses.
3. Top Attractions in Makati City
Makati City is not just about business; it’s also a cultural and entertainment hub with a variety of attractions that cater to both locals and tourists. Whether you’re interested in history, art, or shopping, Makati has something for everyone. Let’s explore some of the must-visit spots in the city.
3.1 Ayala Museum
The Ayala Museum is one of the most important cultural institutions in Makati, offering a deep dive into Filipino history, art, and culture. It features a wide range of exhibits, including pre-colonial artifacts, contemporary Filipino art, and the famous diorama display of Philippine history. The museum is located near Greenbelt Mall, making it a convenient stop for those exploring the area.
3.2 Greenbelt Chapel and Greenbelt Park
Located in the heart of the Greenbelt shopping complex, the Greenbelt Chapel is an oasis of tranquility in the midst of Makati’s bustling city life. It’s a popular spot for both locals and tourists to take a break from shopping or to attend mass. Surrounding the chapel is Greenbelt Park, which provides a serene, green space where people can relax and enjoy the outdoors.
3.3 Yuchengco Museum
Located in the RCBC Plaza, the Yuchengco Museum is another cultural gem in Makati, showcasing a collection of Philippine art, historical artifacts, and international exhibits. It is named after Alfonso Yuchengco, a prominent Filipino businessman, diplomat, and philanthropist.
3.4 Circuit Makati
Circuit Makati is a relatively new entertainment and lifestyle district located on the former site of the Sta. Ana Racetrack. It’s quickly becoming one of the top destinations in Makati for leisure and recreation, featuring a mix of retail outlets, restaurants, entertainment venues, and outdoor spaces. The area also hosts concerts, festivals, and sports events, making it a popular spot for both locals and tourists.
4. The Best Shopping Malls in Makati
Makati is home to some of the most luxurious and comprehensive shopping malls in the country, making it a paradise for shopaholics. Whether you’re looking for high-end fashion, local designers, or international brands, the malls in Makati have something to offer for everyone.
4.1 Greenbelt Mall
The Greenbelt Mall complex is one of the most prestigious shopping destinations in the Philippines. Divided into five sections, Greenbelt features high-end international brands such as Louis Vuitton, Gucci, and Prada, alongside local designers and more affordable retail options. The mall also offers a wide variety of restaurants, cafes, and entertainment venues, making it a popular spot for locals and tourists alike.
4.2 Glorietta Mall
Adjacent to Greenbelt is Glorietta Mall, which offers a more casual shopping experience compared to its luxury counterpart. Glorietta is known for its wide selection of mid-range brands, restaurants, and entertainment options. The mall is connected to several hotels and office buildings, making it a convenient stop for business travelers and shoppers.
4.3 Power Plant Mall
Located in the upscale Rockwell Center, Power Plant Mall is a popular shopping destination for those seeking a more relaxed and intimate shopping experience. The mall features a curated selection of international and local brands, gourmet dining options, and a stylish cinema.
5. Dining in Makati: A Foodie’s Paradise
Makati is a melting pot of cultures, and this is reflected in its diverse dining scene. Whether you’re looking for fine dining, street food, or international cuisine, Makati offers a wide range of options for every palate and budget.
5.1 Poblacion: Makati’s Hip Food District
Poblacion, once known as a red-light district, has transformed into one of Makati’s most exciting food destinations. The area is now home to a variety of trendy bars, cafes, and restaurants, offering everything from Filipino comfort food to international dishes. Poblacion is particularly popular among young professionals and tourists looking to experience the local nightlife.
5.2 Legazpi and Salcedo Village: Gourmet Dining
For those looking for a more refined dining experience, Legazpi Village and Salcedo Village are home to some of Makati’s best gourmet restaurants. The area offers a mix of international cuisine, from Italian and French to Japanese and Mediterranean. It’s also home to several weekend markets, such as the Salcedo Saturday Market, where visitors can sample fresh, locally sourced food.
5.3 Fine Dining at the Ayala Triangle Gardens
The Ayala Triangle Gardens is not just a green space in the middle of Makati’s CBD; it’s also home to some of the city’s best fine dining restaurants. The area offers a range of cuisines, including Filipino, Japanese, and Italian, making it a great spot for a business lunch or a romantic dinner.
6. Residential Living in Makati City
Makati is also one of the most desirable places to live in Metro Manila, offering a range of housing options that cater to different lifestyles and budgets. The city’s residential areas are divided into high-rise condominiums, gated communities, and modern apartment complexes.
6.1 Luxury Condominiums
For those seeking luxury living, Makati offers a wide selection of high-rise condominiums located in the CBD and surrounding areas. These condominiums offer amenities such as swimming pools, gyms, and 24-hour security, making them ideal for business executives, expatriates, and families. Notable developments include the Knightsbridge Residences, The Residences at Greenbelt, and The Shang Grand Tower.
6.2 Serviced Apartments
Makati also offers a variety of serviced apartments, which are ideal for business travelers or expatriates looking for short- to medium-term accommodation. These apartments come fully furnished and offer hotel-like services such as housekeeping and concierge, making them a convenient option for those who need a temporary home.
6.3 Gated Communities
For families, Makati’s gated communities such as Dasmariñas Village and Forbes Park offer spacious homes with access to private parks and recreational facilities. These exclusive villages are known for their security and privacy, making them some of the most sought-after residential areas in the city.
7. Why Makati City is Ideal for Business Travelers
For business travelers, Makati offers unparalleled convenience and connectivity. The city is home to some of the country’s top business hotels, serviced apartments, and coworking spaces. It’s also a major transportation hub, with easy access to major highways, the Ninoy Aquino International Airport (NAIA), and other business districts in Metro Manila.
7.1 Business Hotels
Makati offers a wide range of business hotels that cater to the needs of corporate travelers. Many of these hotels are located within walking distance of the CBD and offer meeting rooms, business centers, and high-speed internet access. Notable business hotels in Makati include the Makati Shangri-La, Fairmont Makati, and Raffles Makati.
7.2 Coworking Spaces
With the rise of remote work and freelancing, Makati has also seen an increase in the number of coworking spaces. These spaces provide professionals with flexible work environments, high-speed internet, and networking opportunities. Popular coworking spaces in Makati include WeWork, Acceler8, and Common Ground.
7.3 Accessibility
Makati’s strategic location makes it easily accessible from various parts of Metro Manila. The city is well-served by public transportation, including buses, jeepneys, and the MRT-3. Additionally, Makati is just a short drive away from the Ninoy Aquino International Airport, making it a convenient base for business travelers who frequently fly in and out of the city.
8. Conclusion: Makati City, A Blend of Business and Leisure
Whether you’re visiting for business or leisure, Makati City offers a unique blend of modern living, cultural heritage, and economic opportunity. It’s a city that has something for everyone—luxury shopping malls, world-class dining, cultural attractions, and a bustling business district. For those looking to experience the best of what urban life in the Philippines has to offer, Makati City is the place to be. Whether you’re a traveler, an investor, or a resident, Makati City provides a dynamic and enriching environment where business meets leisure.
From exploring its cultural landmarks and gourmet dining spots to conducting business in one of its many corporate towers, Makati City is truly the beating heart of Metro Manila.
