Yeah, am currently living in Makati and the malls are nice....especially to get out of the humidity. Glorietta, Ayala and Rockwell and some pretty good restuarants and bars. The only downside to shopping in PH are very agressive sales people, especially if you’re a westerner (re: white). They don’t take “no” for an answer even, and “I’m just looking” does not work.
Never had problems inside the malls, just with the street vendors getting in my face with their “Real” Viagra pills or Silver Dollars.