Preheat the oven to 325°F, and line a 9X5 loaf pan with parchment paper. Set it aside.
Cream the butter and the sugar until the mixture is light in color and fluffy.
1½ cup Granulated sugar, ¾ cup Butter
Lightly beat the eggs and add to the above mixture while the mixer is running on low. Add the extracts and beat well.
3 Eggs, ½ teaspoon Vanilla extract, ½ teaspoon Coconut extract
Sift together the flour, baking powder, and salt. Add the dry ingredients alternating with the coconut milk. Start and finish with dry ingredients.
1¾ cup All-purpose flour, 1½ teaspoon Baking powder, ¼ teaspoon Salt, ¾ cup Coconut milk
Add the shredded coconut and gently mix. DO NOT OVERMIX.
½ cup Shredded coconut
Pour the batter into the lined pan and bake for one hour and 15 minutes. After an hour check the loaf by inserting an insert in the middle of the loaf, and if the insert comes out clean or with a few crumbs, the loaf is done. If it is too wet, bake it for another 15 minutes.
When the pan is removed from the oven, immediately poke the loaf with a long skewer, and pour ¼ cup of the coconut milk all over the loaf. Let the cake cool down in the pan for half hour then transfer it to the cooling rack to cool down completely.
¼ cup Coconut milk