The City of 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. 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 1960s. Makati is home of the Philippine Stock Exchange and the Makati Business Club. The financial district of Makati is bounded by EDSA, Gil Puyat Ave., Antonio Arnaiz Avenue/Pasay Road, and Chino Roces Avenue. It mainly encompasses Legazpi Village, Salcedo Village, Ayala Center, and parts of Bel-Air.
The fifty tallest skyscrapers in the Philippines are located in Makati such as the PBCom Tower and G.T. International Tower. The skyscrapers of Metro Manila are, for the most part, clustered in many locations although three areas are distinct for having the largest clusters in the metropolis.
Shopping malls such as Glorietta, Greenbelt, Rockwell Center and Power Plant Mall are located in Makati. The Rockwell Center, an upscale mixed-use property, hosts the Power Plant Mall, the Asian Eye Institute, and the Ateneo de Manila Professional Schools main campus, which houses the Ateneo Law School, the Ateneo Graduate School of Business, and the Ateneo School of Government.
Makati City is home to the Asian Institute of Management (AIM). The Ateneo Professional Schools, a unit of the Ateneo de Manila University has facilities in Rockwell Center and Salcedo Village. The Rockwell campus houses the Ateneo Law School, the Ateneo Graduate School of Business, and the Ateneo School of Government. The Salcedo campus houses the Ateneo Information Technology Institute. The Mapúa Institute of Technology on Gil Puyat Avenue is an extension of Mapúa in Intramuros, Manila.
Other notable colleges and universities in Makati are the Asian Seminary of Christian Ministries (ASCM), Don Bosco Technical Institute, Makati, Assumption College San Lorenzo, Colegio San Agustin, Makati Hope Christian School, Saint Paul College of Makati, Our Lady of Guadalupe Minor Seminary, Asia Pacific College, and the University of Makati.
The Forbes Park, originally developed in 1948, and Dasmariñas Village, first developed in the 1960s, are notable residences in Makati. A number of gated communities such as the San Lorenzo, Urdaneta, San Antonio, Bel-Air, San Miguel and Magallanes are also located within the city.
Although the city is noted for its cosmopolitan culture, it faces internal tensions owing to the wealth gap between residents, workers in and visitors to the newer part of city in the west, which contains the central business/financial district, and residents of the older part in the east, which is largely poor and where most of the slums are located.