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Economy of Makati


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took effect in 2006. For 26 years now, the city enjoys a deficit-free status.

The city is known for its developed business district called the Makati Central Business District. It is bound by EDSA, Gil Puyat Avenue, Arnaiz Avenue/Pasay Road, and Chino Roces Avenue. It mainly encompasses Legazpi Village, Salcedo Village, the Ayala Center, and parts of Bel-Air Village.

The Ayala Triangle is a sub-district of the Makati central business district, comprising the parcel of land between Ayala Avenue, Makati Avenue and Paseo de Roxas, as well as the buildings on those streets. Many multinational companies, banks and other major businesses are located within the triangle. A few upscale boutiques, restaurants and a park called Ayala Triangle Gardens are also located in the area. Ayala Avenue and Paseo de Roxas also house the distinction of being the runways of the former Nielson Field, Metro Manila's main airport in the 1930s.

The biggest trading floor of the Philippine Stock Exchange is housed in Ayala Tower One and at the old Makati Stock Exchange Building, both along Ayala Avenue.

The Makati Business Club is composed of over 800 chief executive officers and senior executives representing almost 450 of the largest and most dynamic corporations in the Philippines.

Most of the tallest skyscrapers in the Philippines are located in Makati such as the Gramercy Residences, PBCom Tower and G.T. International Tower. PBCom Tower along Ayala Avenue is the country's tallest building, reaching up 259 meters. It is the headquarters of the Philippine Bank of Communications, or PBCom. The PBCom Tower is an office skyscraper ranked officially as the tallest building in the Philippines from 2000 until the

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