Macati is a city in the Capital Region of the Philippines, on the island of Luzon, Philippines. Watch camera online in Macati Population - 510 383 people. (2007 census), making Makati the 16th largest city in the country. Makati has been the financial center of the Philippines since the 1950s and one of the largest financial, commercial and economic centers in Asia. The city is home to world-renowned research institutes.