Myanmar ruling party concedes poll defeat as Suu Kyi heads for landslide

Myanmar's ruling party conceded defeat in the country's general election on Monday, as the opposition led by democracy figurehead Aung San Suu Kyi appeared on course for a landslide victory that would ensure it can form the next government.

"We lost," Union Solidarity and Development Party (USDP) acting chairman Htay Oo told Reuters in an interview a day after the Southeast Asian country's first free nationwide election in a quarter of a century.

The election commission later began announcing constituency-by-constituency results from Sunday's poll. All of the first 12 announced were won by Suu Kyi's National League of Democracy (NLD).

The NLD said its own tally of results from polling stations around the country showed it on track to win more than 70 percent of the seats being contested in parliament, more than the two-thirds it needs to form Myanmar's first democratically elected government since the early 1960s.

"They must accept the results, even though they don't want to," NLD spokesman Win Htein told Reuters, adding that in the highly populated central region the Nobel peace laureate's party looked set to win more than 90 percent of seats.

Earlier a smiling Suu Kyi appeared on the balcony of the NLD's headquarters in Yangon and in a brief address urged supporters to be patient and wait for the official results.