BANGKOK (AP) — The Latest on the death of Thailand's King Bhumibol, the world's longest-reigning monarch, (all times local):

7:20 p.m.

Thai Prime Minister Prayuth Chan-ocha says Crown Prince Maha Vajiralongkorn will become the new monarch after the death of his father in accordance with the constitution.

He said the crown prince was designated the successor to the crown on Dec. 28, 2002.

"We the government must proceed with the next steps in accordance with the law," he said.

He said the government will notify the National Legislative Assembly, or parliament, of the king's successor, and they will act accordingly with the laws of succession in the constitution.

Prayuth added that the government will observe one year of mourning and flags will fly at half-staff for 30 days. No government events will be held for 30 days, he said.

7:10 p.m.

Thai Prime Minister Prayuth Chan-ocha has declared a one-year mourning period for the government following the death of King Bhumibol Adulyadej.

In a common broadcast carried by all Thai TV channels, Prayuth said the king's death Thursday is a tragedy for the people of Thailand.

"He was a king that was loved and adored by all. The reign of the king has ended and his kindness cannot be found anywhere else," Prayuth said.

7 p.m.

Thailand's Royal Palace says King Bhumibol, the world's longest-reigning monarch, has died at age 88.

The palace said the king passed away peacefully on Thursday at Bangkok's Siriraj Hospital.

"Even though the board of doctors has closely monitored and treated him to the best of its abilities, the king's condition never improved but deteriorated until Thursday," it said in a statement issued about three hours later.

TV stations announcers wore black clothes as they discussed his passing. The brief announcement mentioned his 70-year-reign and noted that he passed away peacefully.