Our vision is to make economics intelligible and of practical use for business and investment decision-making.


Our mission is to provide economic and financial training services to the Sri Lankan business community, complemented by information on the Sri Lankan and global economies, and with the specific objective of contributing to more informed business decision-making in this community.

We intend to move towards fulfilling our mission through the provision of regular workshops, short courses and in-house training sessions on an array of topics which will showcase the usefulness of the economic information and data analytics that are to be provided in the form of economic reports and user-friendly data sets.

Economic Training & Information Services (ETIS) Lanka Ltd is an independent body which provides economic training and information services to the Sri Lankan business community. The company was founded in 2019.Its establishment is in response to the perceived need for more sophisticated economic data and information by business leaders and managers that are attempting to come to grips with the major structural changes taking place in the Sri Lankan economy in the context of its rapid growth and increasing integration into a turbulent global economy.
What we do


Tracking important economic indicators and various asset prices.

Short courses

A real-world approach to economics for business and investment.


Updates on the Sri Lankan and global economies.

The team
Shamani Fonseka


Shamani is one of the co-founders of ETIS Lanka and has previously worked with Dr Nicholas (see below) on an ISS project in the University of Colombo, as well as for Econsult (Pvt) Ltd in 1996.

Shamani is a senior project management consultant with over 18 years in managing and implementing systems across companies. Her experience in this field covers account and project management, process documentation, preparation of RFPs and managing teams.  Some of her clients include DP Logistics (a subsidiary of the David Peiris Motor Co Group), Pristine Solutions (Pvt) Ltd, The Mainetti Group, Adamjee Luckmanjee and Qualitea (Pvt) Ltd. She counts over 8 years prior experience in the John Keells Group where she was seconded to Mercator, the IT arm of the Emirates Airlines in Dubai and the UK as the Account/Client Manager, for an implementation in the UK Office.  She has headed several IT initiatives within sectors of the John Keells Group which include process improvements.

She also managed an off-shore Finance & Accounting Services of small and medium business in the UK as director operations of Azure Global Sri Lanka.  Such assignments required quick turnaround and very efficient delivery.  In her roles in Accounting and Finance she has worked in the capacity of Senior Accountant and Finance Manager respectively at Carson Cumberbatch and Company and BC Computers a subsidiary of the Bartleet Goup.

She is a Fellow of the Chartered Institute of Management Accountants (UK) and has a MBA from the Postgraduate Institute of Management, Sri Jayewardenapura.

Bram Nicholas


Bram is one of the co-founders of ETIS Lanka Ltd. He has worked as an investment analyst for Econsult International (Pvt) Ltd since 2013, studying- and trading in global equity, currency, commodity, and bond markets. At present Bram is a lecturer at the Ho Chi Minh University of Technology (HUTECH) in Vietnam.

Bram is currently in the process of writing a PhD on the subject of exchange rates and forex markets at the University of Colombo in Sri Lanka, and has recently completed a MBA from the University of Western Sydney while studying at the International School of Business (University of Economics) in Ho Chi Minh City.

Bram is also one of the co-founders of VIETIS (Vietnam Economic Training & Information Services) and serves as the company’s COO at present.

Dr Howard Nicholas
Senior Trainer

Dr Howard Nicholas is presently an Associate Professor at the Institute of Social Studies (ISS), Erasmus University of Rotterdam, in the Netherlands. He has been at the ISS since 1981, except for a 9-year period from 1987-1996 when he was the resident coordinator of two Dutch government projects in Sri Lanka – to set up a think tank for the Sri Lankan government and develop a department of post-graduate studies in economics at the University of Colombo.

Dr Nicholas has published numerous articles in reputed international journals and, in 2011, a book on the subject of prices with Macmillans Press. He is currently working on a three volume sequel to this book, looking at money and business cycles. The first of these three volumes is expected to be published in 2019.

Dr Nicholas has had considerable policy experience in his country of birth, Sri Lanka, where he helped establish a think-tank for the government in 1989, the Institute of Policy Studies, and worked closely with the Ministry of Finance and planning on a number of different projects, including one which was published as a report by the UNDP in 2004 entitled “The Macroeconomics of Poverty Alleviation”.

Dr Nicholas has extensive teaching experience in the area of business economics and financial markets, having taught these subjects in a number of countries, especially in Asia. He has won the best-teacher award in his own Institution for the last 18 years – which is every year since the award was first given.

Dr Nicholas is regularly invited to give lectures on the global economy and is known by those who have attended his lectures for his early warnings on the Asian crisis (1996-8), the global crises of 2001-3 and 2007-9, and the little known crisis of the Chinese economy in 2015.


Our network currently includes a partner company in Vietnam providing us with intelligence on the Vietnamese economy, and our partner company in the Netherlands providing us with insights into the global economy.

Kapital Economics

Kapital Economics is a Netherlands-based company specialised in monitoring developments in the global economy and tracking global economic cycles. The company supplies us with vital inputs for our training and information services in complementing our knowledge of the local economy.


VIETIS is our partner in Vietnam which strives to inform the Vietnamese business community with intelligence on the global and Vietnamese economies for investment and business decision-making. The company was founded in 2018 with its head office located in Ho Chi Minh City.