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Makati, ( mə-KAH-tee Tagalog pronunciation: [maˈkati]), officially the City of Makati, (Tagalog: Lungsod ng Makati), or simply known as Makati City, is a 1st class highly urbanized city in Metro Manila, Philippines. Makati is the financial center of the Philippines; it has the highest concentration of multinational and local corporations in the country. Major banks, corporations, department stores as well as foreign embassies are based in Makati. The biggest trading floor of the Philippine Stock Exchange is situated along the city's Ayala Avenue. Makati is also known for being a major cultural and entertainment hub in Metro Manila.According to the 2015 census, it has a population of 582,602 people making it as the 17th-largest city in the country and ranked as the 41st most densely populated city in the world with 19,336 inhabitants per square kilometer. Although its population is just half a million, the daytime population of the city is estimated to be more than one million during a typical working day because of the large number of people who go to the city to work, shop, and do business. Traffic is expected mostly during rush hour and holiday seasons. == Etymology == Tradition holds that a Tagalog at a swamp on the south of the Pasig River was asked by a visitor, who was Miguel López de Legazpi, for the name of the place. As a result of the language barrier the question was misinterpreted; the Tagalog pointed to the receding tide of the Pasig River, and answered "Makati, kumákáti na" ("Ebbing, the tide is ebbing"). == History == Parts of the city were once subject to the pre-Hispanic Kingdom of Namayan, whose capital is now in the Santa Ana district of Manila. SOURCESWikipedia