Ana)[3] and became a town of its own in 1670, then as San Pedro de Macati in honor of its patron, Saint Peter.

In 1851, Don José Bonifacio Roxas (a member of the Ayala-Roxas family) purchased the farm estate of "Hacienda San Pedro de Macati" from the Jesuits for 52,800 pesos.

The tracks of what is now the Philippine National Railways reached the town very early in the decade, which is located at the western portion of the downtown at present, with three stations serving commuters and residents.

After the destruction of World War II that brought upon Makati, the town grew rapidly, and real estate values boomed.

[6] The Makati Stock Exchange (MkSE) was established on May 27, 1963, with its trading area located along Ayala Avenue in downtown.

Downtown Makati has been the financial capital of the Philippines since the late 1960s, owing to congestion, relative lack of expansion area, higher land prices and taxes, and urban decay in Manila.

[8] Economic activity in the downtown was still ongoing, with Nemesio Yabut as town mayor, preparing the district for Makati's full integration as part of the new region of Metro Manila (officially the National Capital Region) and as a founding member of the Metropolitan Manila Commission, which it achieved with the commission's formal establishment on November 7, 1975, ending Makati's many years as a town under Rizal Province.

Following the assassination of Ninoy Aquino in 1983, the downtown area was one of the many places of rallies and mass demonstrations that were the basis of the People Power Revolution against the dictatorship of then-President Marcos in 1986.

[6] It was that decade that witnessed the emergence of a so-called moderate opposition, with the Makati Business Club, against Marcos' ailing authoritarian regime.

[6] Established in 1980, the MBC, a union of executives from business entities operating in the district, was then a voice of opposition to the dictatorship, and it was one of the leading organizers of what was then dubbed the Confetti Revolution, so-named due to the yellow confetti from torn phone directories thrown along Ayala Avenue from the buildings in the wide road, whenever the rallies would happen.

Having spent his childhood in the municipality and himself a veteran of the Confetti Revolution and of the opposition activities during the Marcos administration, his first term bore witness to the events of the coup d'état attempt in December 1989, which hit the district directly.

Republic Act 7854, passed by Congress in late December 1994 and signed into law by President Fidel V. Ramos on January 2, 1995, officially established the City of Makati.

[11][12] Despite conflicting reports, it was concluded that the explosion was caused by a faulty liquefied petroleum gas tank located in a Chinese restaurant.

In 2011, the Occupy Wall Street movement protesting economic inequality and the power of United States financial institutions spread from New York City to other parts of the world, including the Philippines.

The movement's supporters' first action was held on October 14, when protesters marched in Makati City from the Ninoy Aquino monument on Ayala Avenue to the American Chamber of Commerce.

It has a total land area of 1.7121 square kilometers (0.6610 sq mi), the third largest among the posh villages in Makati City.

It is named after the de Salcedo brothers - Juan and Felipe - who are both Spanish conquistadors who were part of the Legazpi's expedition.

San Antonio South is an informal highly density residential and commercial area in the southern portion of the barangay.

[26] The development originally started with a number of separate shopping arcades and Greenbelt Park before expanding to cover over 50 hectares (120 acres).

It is one of the first centrally planned communities together with Forbes Park, San Lorenzo and Bel-Air which was established in the 1950s by the Ayala Family.

Palafox Associates, Sycip, Gorres, Velayo & Co. and Gozar Planners are examples of business firms headquartered in the district.

The company owns most of the media establishments and two television and radio networks such as TV5 Network, Inc. (TV5) and Nation Broadcasting Corporation (NBC), a Pay TV provider Cignal TV (Cignal), and the two broadsheet BusinessWorld Publishing Corporation (BusinessWorld) and Philstar Daily, Inc. (The Philippine Star), Smart Communications, which is a wholly owned mobile phone and Internet service subsidiary of the PLDT, is headquartered in the district.

There are more than a hundred multinational companies, which are companies listed in Forbes Global 2000, have regional headquarters and operations in Makati, most within the CBD, like Intel, Microsoft, Nestlé, Syngenta, Shell, Convergys, PeopleSupport, SC Johnson & Son Inc, CBN Asia, Stages Production Specialist Inc, Alaska Milk Corporation, and Accenture.

Buses plying the avenue from the south Metro Manila and Laguna pass through the central business district daily.

Ayala Center is the main public transport terminal inside the district, where various jeepneys, UV Express, and buses stop.

In 2015, the city's new transport hub called the McKinley Exchange Corporate Center, which is also along EDSA outside downtown, was opened.

People enter and leave the city through this new central transport hub, which serves buses, taxes and jeepneys and is a walking distance from the MRT Ayala station.

In 1995, they implement road space rationing called Unified Vehicular Volume Reduction Program to reduce the traffic congestion.

Makati's traffic enforcement implement the full number coding scheme to all road vehicles from 7:00 a.m. to 7:00 p.m. without window hours from Monday to Friday except on holidays.

[35] Two stations are supposedly to be built at the government owned-"Mile Long" property–Amorsolo Street in Legazpi Village and Buendia (Gil Puyat Avenue) in Barangay San Antonio.