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Makati City is one of the most important cities in the Philippines in terms of finance and commerce. A suburb of the capital, Manila, Makati is one of the cities and municipalities that comprise Metro Manila—the National Capital Region. Makati is often referred to as the Business Capital of the Philippines since many companies have their offices and headquarters in the city. Makati is also home to the influential Makati Business Club and the Philippine Stock Exchange. Ayala Avenue, running through the heart of the central Business District is often called the Wall Street of the Philippines.
REPUBLIC OF THE PHILIPPINES
Founded—
2000 census—444,867
Makati is noted for its highly cosmopolitan culture. Many expatriates live and work in the city. Makati is also home to many first-class shopping malls such as Ayala Center and Rockwell Center. The city also has many of the country's five-star hotels like The Peninsula Manila, the Mandarin Oriental, and the Shangri-la Makati Hotel.
Makati came from the Tagalog word kati, which means tide. This primarily refers to the rise and ebb of the tide of the Pasig River on the city's northern border. The river drains into Manila Bay to the east.
Today the city is one of the most modern cities in the country. However, it faces challenges due to the disparate gap between the new city in the west, which contains the Central Business District, and the old city in the east, which is largely poor and where most of the city's slums are located.
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This city is also known as: Makati City.
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