A Censof Holdings Bhd logo is pictured at the company's headquarters in Kuala Lumpur October 28, 2013. Malaysia's new consumption tax is a boon to IT companies that stand to win infrastructure ... more 
A Censof Holdings Bhd logo is pictured at the company's headquarters in Kuala Lumpur October 28, 2013. Malaysia's new consumption tax is a boon to IT companies that stand to win infrastructure contracts and fees - provided they can convince people to switch to electronic payments in a country where 91 percent of transactions are in cash. The 6 percent goods and services tax (GST) that Prime Minister Najib Razak announced in his annual budget speech on Friday is aimed at narrowing a budget gap that is expected to hit 4 percent of gross domestic product this year. For companies such as Censof and GHL Systems Bhd that specialise in creating electronic payment and software systems, the initial benefit will likely come well before the tax is implemented in April 2015. Picture taken October 28, 2013. REUTERS/Samsul Said (MALAYSIA - Tags: BUSINESS SCIENCE TECHNOLOGY POLITICS) less 
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Reuters | Photo By SAMSUL SAID / REUTERS
Thu, Oct 31, 2013 3:02 AM EDT