Thai prime minister concedes defeat in national election

Thai Prime Minister Abhisit Vejjajiva conceded defeat in a national election on Sunday after exit polls showed the opposition Puea Thai Party winning a majority of parliament's 500 seats.

He congratulated Yingluck Shinawatra, Puea Thai's candidate for prime minister and sister of ousted premier Thaksin Shinawatra, on her victory.

"It is now clear from the election results so far that the Puea Thai Party has won the election, and the Democrat Party concedes defeat. I would like to congratulate the Puea Thai Party for the right to form a government," he said on television.