According to reports, the 29 year old informed his friend residing in Hong Kong that he was being held for a AED 109,000 ransom through WhatsApp.
The suspects were identified as four Chinese nationals who were caught with the victim in a house in Makati City, Metro Manila.
They are currently under the custody of the Philippine National Police as an investigation is underway.
Rescuers search for 130 people after Indonesia passenger ship sinks; six dead
Indonesian rescuers were searching on Sunday for 130 people from a passenger ship that sank in the Java Sea after 113 others were evacuated, the country's search and rescue agency said, adding that six people had died.
Russian drone attack injures five in Ukraine's Odesa, officials say
At least five people were wounded in a Russian attack on the Ukrainian city of Odesa on Sunday morning, officials said, a day after strikes on the city killed two people.
Philippine ferry fire victims may take months to identify, authorities say
Authorities in the Philippines said on Sunday it could take weeks or months to identify the victims of a ferry fire that killed 76 people, as forensic experts begin collecting and comparing DNA samples and investigators determine the cause.
Israeli strike kills two people in Gaza, medics say
An Israeli airstrike on Sunday killed at least two Palestinians in a vehicle and wounded 13 others in the Gaza Strip, medical staff said.
Saudi Arabia shuts key oil pipeline after drone attack
Saudi Arabia shut its East-West oil pipeline on Friday after it was hit in a drone attack, disrupting a key route used to bypass shipping problems in the Strait of Hormuz.
