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.
Tehran reviewing latest US response as Trump suggests he can wait
Iran said on Thursday it was reviewing Washington's latest position on ending the war after US President Donald Trump suggested he was prepared to wait a few days to "get the right answers" from Tehran but warned of renewed attacks if it did not agree to a deal.
Philippines vows to arrest fugitive senator wanted by ICC
The Philippine justice minister on Thursday ordered law enforcement to apprehend a senator wanted by the International Criminal Court and said authorities had leads on his whereabouts, a day after a court denied his bid to prevent his arrest.
UN condemns Israeli decision to establish military facilities in East Jerusalem
United Nations Secretary-General António Guterres has strongly condemned Israel's decision to establish military facilities in one of the UN's compounds in the Sheikh Jarrah neighbourhood of East Jerusalem.
Canada PM Carney says Israel's treatment of Gaza flotilla members is 'abominable'
Israel's treatment of detained Gaza flotilla activists is "abominable", Canadian Prime Minister Mark Carney said Wednesday, following the release of a video showing Israeli police forcing activists to kneel on the ground in rows with their hands tied behind their backs.
Tankers exit Hormuz as Trump, Vance talk up Iran deal prospects
Two Chinese tankers laden with oil exited the Strait of Hormuz on Wednesday, shipping data showed, brightening hopes that the US-Israeli conflict with Iran may soon be resolved after positive comments from president Donald Trump and his deputy.
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Brent Black has the biggest stories of the day and the stuff you might have missed.
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