Preheat the oven and prepare the cake pans.

In a bowl, mix together the flour, granulated sugar, baking powder, and salt.

In another bowl, cream the softened butter until smooth.

Add eggs to the butter, one at a time, mixing well after each addition.

Mix in coconut milk and vanilla extract into the wet mixture.

Gradually combine the dry ingredients with the wet ingredients until just blended.

Pour the batter into prepared cake pans and bake in the preheated oven for 30 minutes or until a toothpick comes out clean.

Allow the cakes to cool completely.

For the frosting, beat cream cheese and powdered sugar until smooth.

Add heavy cream to the cream cheese mixture and beat until fluffy.

Once the cakes are cool, frost the first layer, add shredded coconut, place the second layer, and frost the top.