Known as the "Financial Capital of the Philippines", Makati City houses the tallest buildings in the Philippines, a number of five star hotels, first-class shopping malls, the various embassies, and the Philippine Stock Exchange as well as the Makati Business Club.
It has been dubbed by Yahoo News as one of the top 10 safest places to live in the world. It is also the 16th largest city in the Philippines, and is said to be the richest city in the country. One may find lots of expats residing and working here too.
There are several stories as to the History of the name. One story says That it was brought about by language barrier between the discoverer, Spaniard Miguel Lopez de Legazpi and the natives of the place.
When he asked them what the name of the place was, they misunderstood and started pointing to the ebbing tide of the Pasig River saying "Makati, kumakati na" (meaning "look, the tide, it's already receding").
Another said origin of Makati's name came from the Tagalog word "makati" which means "itchy" because the place used to be a swamp with many weeds. It was, in fact, dismissed as a useless swamp in the past and no one would buy land in this area.
Thus the name "Makati".
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