Makati is the financial center of the Philippines; it has the highest concentration of multinational and local corporations in the country. Major banks, corporations, department stores as well as foreign embassies are based in Makati. Makati is also known for being a major cultural and entertainment hub in Metro Manila.
Every weekday, close to two million people flock to the Makati City Central Business District to work, deal, shop, or do commerce. Makati accounts for close to three quarters of Metro Manila’s prime office space inventory and is home to the highest concentration of local and multinational corporations in the Philippines. The city holds a multitude of banks, law firms, shopping malls, government offices, foreign embassies, corporations, and SMEs, employing more than one million people, half of whom are non-residents of Makati. The Philippines' two richest barangays are in Makati City.