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.
Trump says text of signed US, Iran deal will be released on Friday
US President Donald Trump said on Monday a deal with Iran has been agreed and the text of the deal will be released sometime after the formal signing in Switzerland on Friday.
Lebanon fighting eases after US-Iran deal but displaced warned not to rush home
Fighting in southern Lebanon eased on Monday after the US-Iran deal to end the wider conflict was announced, but an Israeli drone strike killed one person and authorities warned displaced people not to rush home as Israel said it would keep troops in the south.
Ukrainian man found guilty of setting on fire houses linked to UK PM Starmer
A Ukrainian man was found guilty on Monday of carrying out arson attacks on property connected to British Prime Minister Keir Starmer in May last year on behalf of a mystery figure he knew only as "EL Money".
Britain announces sweeping social media ban for under-16s
British Prime Minister Keir Starmer said on Monday he would ban social media sites for under-16s and impose restrictions on gaming and live-streaming platforms, in a fightback against big tech that goes further than any other country.
United Arab Emirates leaders marked the Hijri New Year on Monday with uplifting messages of optimism and prosperity.
The UAE reiterated the importance of dialogue, diplomacy and adherence to international law following the US-Iran memorandum of understanding.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan will attend the 52nd G7 Summit, which will take place between June 15 and June 17.
