Dhaka (or Dacca) is the capital and largest city of Bangladesh. It is the cultural and economic hub of the country. Having a colossal historical background, the old part of the city, known as Old Dhaka or Old Town, is home to a broad range of architectural heritage starting from the vestiges of the Mughal Empire to the British Colonial buildings. Being the centre of the independence movements of Bangladesh, Dhaka also hosts some significant national monuments and structures. There are a number of annual cultural events held in Dhaka like Pohela Falgun, Pohela Baishakh and Ekushe Book Fair which add a unique flavour to the city.The modernization and development of Dhaka during the last couple of decades and a corrupt governing and middle class has made the development of international five star chain hotels profitable and spurred the building of some of the largest shopping malls in the world. There are some cracking amusement parks and a surplus of cheap labour has meant that international restaurant chains are cheaper here than in the neighbouring countries.