I think the OP was talking about domestic transfer at Mactan. Lets concentrate our discussion to that.
From experience, you get your bag at the destination if you happen to book the same airline. I'm not so sure about international, but from my experience in MNL, they don't do that kind of service if you don't have through ticket. And even if you have a through ticket but the airline doesn't have an interline agreement with the other, It would still not be possible.
Making Sense