Preheat oven to 350°F (180°C) and line a muffin tin with paper liners.
In a bowl, whisk together the flour, baking powder, salt, and shredded coconut.
In another bowl, cream together the softened butter and sugar until light and fluffy. Add the eggs and vanilla extract, and mix well.
Gradually add the coconut milk to the wet ingredients, then gently fold in the dry ingredients until just combined.
Mix until a smooth batter forms, then gently fold in the diced pineapple.
Fill the muffin liners about ¾ full with batter.
Bake for 18-20 minutes, or until golden brown and a toothpick inserted into the center comes out clean.
While the cupcakes are baking, prepare the frosting: beat the cream cheese and powdered sugar together until smooth. Add the heavy cream and coconut cream, and mix until light and fluffy.
Let the cupcakes cool completely before frosting. Decorate with coconut frosting, toasted shredded coconut, and fresh pineapple slices.
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