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Wiktionary
latik

n. 1 (cx Philippines English) Solid coconut curds, the byproducts of coconut oil production. 2 (cx Philippines English) A thick syrupy caramelized coconut cream used as a dessert condiment.

Wikipedia
Latik

Latík refers to two different ingredients in Philippine cuisine. In the northern parts it refers to solid coconut curds, the byproducts of coconut oil production, used as garnishing for a variety of desserts. In the Visayan region it refers to a syrupy caramelized coconut cream used as a dessert sauce.