MANILA (AFP) Philippine security forces stormed a bus packed with Hong Kong tourists on Monday to end a dramatic hostage crisis that unfolded live on global television, leaving eight people and the gunman dead. The day-long ordeal began when a disgruntled ex-policeman armed with an M-16 assault rifle and dressed in combat pants hijacked the bus in Manilas tourist district in a desperate bid to get his job back. Negotiations broke down after nightfall when the gunman, former senior police inspector Rolando Mendoza, began shooting and commandos were forced to storm the bus, firing dozens of bullets of their own into the vehicle. I shot two Chinese. I will finish them all if they do not stop, Mendoza told a local radio station as the police assault was about to get under way. Police said a sniper shot Mendoza dead after he used his captives as 'human shields in the final moments of the 12-hour standoff. Philippine President Benig-no Aquino said eight tourists were confirmed killed, while the Red Cross reported another seven were in hospital with unspecified injuries. Seven tourists, including children, and two Filipinos were freed at various times throughout the day from the bus that was parked at Rizal Park, a popular tourist destination just a few blocks from police headquarters. The Filipino bus driver jumped out of a window and escaped moments before police stormed the vehicle, with his escape and the rest of the crisis broadcast live on television. One of the survivors hit out at the Philippine authorities, saying they acted too slowly. Aquino defended the actions of the police, saying authorities had initially believed Mendoza would surrender, suggested by the release of some of the hostages, but the situation later deteriorated. After waiting more than 10 hours to launch their assault, police were then unable to get inside the bus for another 90 minutes. They encircled the bus, smashed its windows and fired at it, but Mendoza held them off by shooting back. The crisis eventually ended when police threw tear gas inside the bus, and fired again. Mendoza, 55, was honoured by police chiefs in 1986 as one of the top 10 officers in the country. But he was discharged in 2008 for his alleged involvement in drug-related crimes and extortion and hijacked the bus in a bid to clear his name, according to police. The Hong Kong government warned all its citizens to avoid travelling to the Philippines, and expressed grief over the killings. The killings added to a fast-growing number of attacks of foreigners in the Philippines. Gunmen shot dead a South Korean man in a separate attack on Monday in another section of Manila. Police said the incidents were not related.