His party won only 159 House seats, short of at least 170 MPs Abhisit earlier expected. He has told a media that he would step down as the party leader if his party failed to win 170 MPs.
On Sunday when he realised the defeat, he said he would make an announcement after the election results were final on Monday.
Prime Minister and Democrat leader Abhisit Vejjajiva arrived at Sawasdee Wittaya School polling station at 10:09 am in Bangkok to cast his ballots.
The prime minister voted at 10:11 am.
An army of reporters waited to interview him there.
Abhisit urged voters to come out to exercise their rights.
Shortly afterwards, Ms Yingluck made her announcement, thanking her supporters for their votes as well as press members for their coverage of the Pheu Thai Party’s campaign activities for the past 40 days. She also expressed gratitude to Mr Abhisit and all other candidates for doing their part in creating an amicable atmosphere throughout this election.
Before the election, Mr Abhisit said he would step down as Democrat leader if his party won fewer seats than in the previous general election.
The 2007 general election recorded a voters' turnout of 74.5 per cent, with a total of 32.7 million voters casting their votes.
People across the country are watching closely, developments after unofficial results were announced as they feared the possibility of uncertainties and unrest before the formation of the next government.
Mr Abhisit said he would like to congratulate Pheu Thai's top party list candidate Yingluck Shinawatra as the next and first female prime minister.
"In the past two years, I have committed myself to overcome the crisis and I would like to thank Thai people for moving the country to the current position.
In 1992, Mr Abhisit joined Thailand's oldest party, the Democrats, and at the age of 27, entered parliament as one of its youngest ever members. Having tried and failed to become party leader in 2001, he eventually got the post in 2005.
On Sunday when he realised the defeat, he said he would make an announcement after the election results were final on Monday.
Prime Minister and Democrat leader Abhisit Vejjajiva arrived at Sawasdee Wittaya School polling station at 10:09 am in Bangkok to cast his ballots.
The prime minister voted at 10:11 am.
An army of reporters waited to interview him there.
Abhisit urged voters to come out to exercise their rights.
Shortly afterwards, Ms Yingluck made her announcement, thanking her supporters for their votes as well as press members for their coverage of the Pheu Thai Party’s campaign activities for the past 40 days. She also expressed gratitude to Mr Abhisit and all other candidates for doing their part in creating an amicable atmosphere throughout this election.
Before the election, Mr Abhisit said he would step down as Democrat leader if his party won fewer seats than in the previous general election.
The 2007 general election recorded a voters' turnout of 74.5 per cent, with a total of 32.7 million voters casting their votes.
People across the country are watching closely, developments after unofficial results were announced as they feared the possibility of uncertainties and unrest before the formation of the next government.
Mr Abhisit said he would like to congratulate Pheu Thai's top party list candidate Yingluck Shinawatra as the next and first female prime minister.
"In the past two years, I have committed myself to overcome the crisis and I would like to thank Thai people for moving the country to the current position.
In 1992, Mr Abhisit joined Thailand's oldest party, the Democrats, and at the age of 27, entered parliament as one of its youngest ever members. Having tried and failed to become party leader in 2001, he eventually got the post in 2005.
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