Add sugar, stirring until completely dissolved and continue to boil for about 45 minutes.
Reserve ยฝ cup of the coconut milk/sugar mixture for later.
Combine remaining ingredients in a large mixing bowl, stir until well blended.
Add hot coconut milk mixture and stir well.
Mixture should be of a thick liquid texture.
Use 1 tablespoons of coconut milk mixture to grease baking pan.
Pour batter into prepared baking pan and bake at 350ยฐF (basting occasionally with reserved coconut milk mixture) for 2 to 3 hours or until knife inserted in centre comes out clean.
Spread any remaining coconut milk mixture over top of cake.