Thailand army accepts election win by former PM’s sister

Gen Prawit Wongsuwan said the military would not stand in the way of Yingluck forming a government, easing fears of another political coup.

Yingluck said she is working to form a coalition after leading the Pheu Thai party to a landslide victory, as Reuters reports that her brother Thaksin said he had no desire to be prime minister again.

"I've been with the party too long. I want to retire," he said, outside his home in Dubai, where he lives in self-imposed exile.

The results of Sunday's election pave the way for Yingluck, a 44-year-old business executive, to become Thailand's first female prime minister and the fifth person to hold the post since her brother.

In the wake of the electoral result, Thaksin told reporters he was grateful to the Thai people for voicing their concerns about their country, saying it was "very clear that they want to see reconciliation in the country, they want to see an end to the conflict, and they want to see the country moving forward".

Thailand's army led the coup which removed Thaksin from power in 2006, but Gen Wongsuwon said he had talked to military leaders and they had agreed they would not get involved in the election result.

"We will allow politicians to work it out," he was reported as saying by AFP news agency. "The people have spoken clearly so the military cannot do anything. We accept it."

He said the army had "never entertained any idea of doing anything that will damage the country".

The Thai baht rose more than 1% against the dollar when markets opened on Monday, performing better than other Asian currencies.

With nearly all votes counted, Yingluck's Pheu Thai had a clear majority with 264 seats and Prime Minister Abhisit Vejjajiva's Democrats 160.

She said there was "still a lot of work to be done in the future" to improve "the well-being of the people" and ensure the country's "unity and reconciliation".

Abhisit announced he was stepping down as the Democrats' leader.

"In the spirit of a good leader of an organisation, I should take responsibility. I therefore have decided to resign from the party leadership," he said.

Abhisit - who dismissed Yingluck as her brother's clone and noted that her party's slogan is "Thaksin Thinks, Pheu Thai Acts" - said his opponent had the right to form a government.

"The outcome is clear. Pheu Thai has won the election and the Democrats are defeated," he said.

"I will give the chance to Yingluck, the first woman to form a government," he added. "I want to see unity and reconciliation. The Democrats are ready to be in opposition."

Last year, protesters shut down parts of Bangkok for two months in a bid to force Abhisit's government to resign. When the army stepped in to clear the streets it degenerated into violence, leaving 91 people dead.