The company

Economic Training & Information Services

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.


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.

What we do


We teach an economics fundamentally different from what is taught in universities, with a focus on the practical application of economics for business and investment decision making.

Information services

Tracking important economic indicators and various asset prices in the global economy and various local 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. Before setting up the company he worked for Econsult International from 2013-2017 studying and trading in global equity, currency, commodity, and bond markets. Bram has continued his analysis of these markets in the context of global economic cycles for Kapital Economics, authoring the monthly Global Economic Monitor report since 2017 and writing for the blog.

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 holds an MBA from the University of Western Sydney which he acquired while studying at the International School of Business (University of Economics) in Ho Chi Minh City.

Dr Howard Nicholas

Senior trainer

Dr Howard Nicholas is an economist with extensive teaching experience in the area of business economics and financial markets, having taught these subjects for 40 years at the Institute of Social Studies (part of Erasmus University of Rotterdam), where he was awarded best-teacher award every year since the award was first given―from 2000 to 2020.

In addition to teaching at the ISS, Dr Nicholas has taught at business schools in a number of countries including China, Vietnam, and Sri Lanka. He 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 in 1997, the global crises of 2001 and 2008, the little known crisis of the Chinese economy in 2015, and the global crisis of 2020.

At present Dr Nicholas continues to teach economics-related subjects in various countries, primarily in the capacity of senior trainer for several private training institutions which he helped set up, including Kapital Economics. Prior to setting up these institutions, he helped establish the Institute of Policy Studies in 1989 for the government of Sri Lanka and established his own economic-advisory company, Econsult, in 1990.

Aside from his teaching experience and private endeavours, Dr Nicholas has published numerous articles in reputed international journals and, in 2011, a book on the subject of prices with Macmillan. 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 2022.