What was the Makati Financial District Then?

The name “Makati” came from the swamp grass “zacate” that was abundantly growing in the area serving as fodder for horses at the nearby Sta. Ana racetrack.

What was the prime Ayala Avenue used for in the 50’s way before Makati became a financial center?

Ayala Avenue and Makati Avenue were once the two crisscrossing airstrips in swampy surroundings with the Nielson Tower as the airport control tower.


Photo shows the Nielson Tower then.

But how did Makati develop into what it is now?

After the war, fellow pilots laughed at the intrepid Australian pilot Colonel Joseph Ralph McMicking who was married to Mercedes Zobel de Ayala when he bought the swampy land around the airport at a very cheap price.

Nielson Tower still stands today at Makati Avenue near the MSE Building and is presently the site of a high-end restaurant.

Little did they imagine that he was to turn this area into the progressive Makati Business District. The Ayala Corporation was then named as the Ayala y Cia which owned the similarly swampy Palanan area.

Makati became the financial center of the country in the late 60’s and early 70’s after the 25-year development program of Colonel McMicking was launched in 1950.


Ayala Avenue is the main artery of the Makati Financial District.

Unfortunately, former Makati Mayor and now VP Jojo Binay recently claimed that HE MADE MAKATI RICH? Oh dear…

Where was Jojo Binay in the 70’s? Have we ever ever heard of him?

Defying the various threats of authoritarian rule under Martial Law, the Movement of Attorneys for Brotherhood, Integrity and Nationalism, Inc. (MABINI), was a well-known group of progressive lawyers that included Senators Lorenzo Tañada, Wigberto Tañada, Rene Saguisag, and Joker Arroyo who were then defending the detainees but Jojo Binay was never mentioned as he must have been a mere errand boy for these lawyers.

#VisionaryPilot #Philippines #MakatiDevelopment #CreditGrabber #TraditionalPolitician

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