Makati is the chief financial, commercial and economical center in the Philippines. Makati came from the Tagalog word kati, which means wave. This largely refers to the waves of the tide of the Pasig River on the city's northern boundary. The conurbation was also known as San Pedro Macati during the Spanish era. Makati is also illustrious for its greatly multi-ethnic mores, also being a chief cultural and entertainment center in Metro Manila. This is where you can find all the classy malls offering signature brands and pulsating nightlife. Today the conurbation is one of the most contemporary cities in the country and the Philippines' chief worldwide economic competitor in Southeast Asia.