According to NDTV reports, the gunman earlier released nine of the hostages and demanded his job back to free the rest. The dismissed policeman armed with an automatic rifle seized a bus in the Philippine capital. The latest report say the armed man is shot death.
Manila police chief Rodolfo Magtibay said two of the Hong Kong tourists, both women, were the first to be released, followed by a girl, two boys and their mother as well as their Hong Kong guide.
She also said the group left Hong Kong on Aug 20 for a visit to Manila.
The hostage-taker, identified as former Senior Inspector Rolando Mendoza, 55, who was charged of extortion and robbery was armed with an M16 rifle.