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.
US missiles hit Iran as path towards de-escalation uncertain
US missiles struck targets across Iran on Friday and President Donald Trump vowed "major military punishment" for Tehran and its Houthi allies in Yemen, though he once again left open the door to a diplomatic deal with Iran.
US military says it's completed 13th consecutive night of strikes on Iran
The US military said on Thursday night it had carried out a fresh wave of strikes on Iranian military targets, marking the 13th consecutive night of American attacks.
Indian government seeks time on minister resignation demand
Leaders of India's youth-led "cockroach" movement said on Friday that the government has asked for time until Saturday afternoon to respond on their demand for the education minister's resignation, following talks between the two sides.
Israel launches military operation after deadly clash near Palestinian village
Four Palestinians and two Israeli soldiers were killed near a Palestinian village on Friday in a confrontation that added to a growing toll over recent weeks as Israeli settler violence has intensified against Palestinians in the occupied West Bank.
Irish police intercept car with 'significant' bomb near Northern Ireland border
Irish police intercepted "a significant explosive device" in a car travelling towards the border with Northern Ireland this week that they said on Friday was likely the work of nationalist militants opposed to British rule in Northern Ireland.
