When a group of the world’s best swimmers like Michael Phelps from the US prepare to clinch as many gold as possible at the Beijing Games, a Sri Lankan group will enjoy every part of that success. Stretchline Holdings, part of MAS Holdings Group, is taking Sri Lanka into the international limelight, as two of its innovations have been instrumental in the development of the world’s fastest swimsuit -- the Speedo LZR Racer. This cutting edge creation is all about reducing drag in the water, and the key to the success of the suit are two very unique products developed solely by Stretchline -- stay4sure and Bondelast, according to a company spokesman.
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The Ceylon Petroleum Corporation says it wants to get the Lanka Marine Services (LMSL) bunkering facility back after the Supreme Court last month denounced its privatisation as an ‘illegal transaction’.
CPC Chairman Asantha de Mel told The Sunday Times FT that the corporation is exploring the possibility of taking over LMSL, a former CPC subsidiary.