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.
Russian strikes kill 16 in Ukraine's Kyiv
Russian strikes have killed 16 people and injured more than 40 in Kyiv and the surrounding region on Thursday as President Volodymyr Zelenskyy said a failure by Ukraine's allies to replenish its stock of air defence missiles was costing lives.
Prince Harry and Meghan to move back to Britain
Prince Harry and his wife Meghan plan to move back to Britain this month, six years after they stepped down from their royal duties and relocated to the US, a source close to the couple said.
North Korea launches 10 ballistic missiles as US-South Korea drills near end
South Korea's presidential office has condemned North Korea's launch of more than 10 short-range ballistic missiles on Thursday and ordered its military to maintain full readiness during ongoing joint exercises with the United States.
Kenya tourist helicopter crash kills seven
Seven people, including five Americans, were killed on Wednesday when the tourist helicopter they were flying in crashed in Kenya's Samburu county.
US, South Korea to cut length, scope of military drills after Trump order
South Korea and the United States will cut short annual joint military drills to five days from 11 and scale back some field training, the allies said on Wednesday, after President Donald Trump ordered a substantial reduction in US participation.
