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.
Sydney Airport flights disrupted due to air traffic controller shortage
A shortage of air traffic controllers has caused flight cancellations and major delays at Sydney Airport on Friday morning, the federal agency responsible for managing Australia's air traffic said.
Philippine firefighters enter charred ferry as search continues for dozens missing
Philippine firefighters on Friday managed to board a burned-out ferry more than a day after the ship caught fire on its way from Manila to the western province of Palawan, killing five people and leaving more than 80 missing.
Modi, Putin hold talks in New Delhi on trade, defence
Indian Prime Minister Narendra Modi and Russian President Vladimir Putin began talks in New Delhi on Friday, their second meeting in two weeks, that is expected to focus on trade, energy and defence ties between the two countries, which have long been friends.
More US lawmakers seek AI rules after Anthropic researchers warn of extinction
Growing numbers of US lawmakers are calling for new rules to govern AI systems after dire warnings from two Anthropic researchers that rapidly progressing artificial intelligence could lead to the extinction of the human race in the not-too-distant future.
Fire in rebel-held east Congo kills 24 schoolchildren
A fire in Congo's rebel-controlled city of Bukavu killed at least 24 children as it destroyed two schools and burned down around 300 wooden houses, an official from the rebel administration told Reuters on Thursday.
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