Taguig, officially the City of Taguig (Filipino: Lungsod ng Taguig), is a highly urbanized city located alongside the northwestern shores of Laguna de Bay in Metro Manila, Philippines. With a population of 1,223,595 people, it is the 5th most populous city in the Philippines. The city is known for Bonifacio Global City, one of the leading financial centers of the Philippines. Originally a fishing village during the Spanish and American colonial periods, it experienced rapid growth when former military reservations were converted by the Bases Conversion and Development Authority (BCDA) into financial centers and mixed-use planned communities. Taguig became a highly urbanized city with the passage of Republic Act No. 8487 in 2004, which was ratified by a plebiscite.