DAILY BEAST / REUTERS: 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 military will, however, remain a dominant force. It is guaranteed key ministerial positions, the constitution gives it the right to take over government under certain circumstances, and it also has a grip on the economy through holding companies… (more)
