The city of Makati remains the richest
local government unit (LGU) in the Philippines in terms of income from local
sources and on a per capita basis. As of end-2012, Makati had registered over
62,000 business enterprises, which are engaged in financial services, wholesale/retail,
services, real estate, export/import, and manufacturing. Makati also boasts of
having the highest number of BPO offices in Metro Manila at 1,159 companies to
date, as well as the highest number of PEZA-accredited IT Parks and Buildings. The
city government of Makati has not increased its tax rates since its new Revenue
Code
