Overview

The 1960s saw the emergence of a new business district in the then sleepy municipality of Makati. The Spanish-Filipino conglomerate of Don Jaime Zobel de Ayala developed the district by first establishing this main thoroughfare which cuts through to Highway 54 (now known as Epifanio de los Santos Avenue, or EDSA). Towards the end of the decade, Ayala Avenue emerged as the main artery of the Makati business area. Many major banks, multi-national corporations and embassies are located here.