In a large bowl, mix the flour and baking powder until well combined.
Add butter a little at a time, rubbing it into the flour until butter is pea-sized.
In a small bowl, beat the eggs. Add the eggs to the flour-butter mixture.
Add confectioners' sugar and coconut milk and mix into a soft dough.
Form dough into small sized balls, about 1-inch in diameter.
Grease the back of a fork with some oil. Flatten a ball of dough and press it onto back of the fork forming a rectangle the length of the fork tines.
Starting at bottom end of the fork, roll the dough up the tines and off fork and into a tight curl. The end result will be a tube-like curl with ridges from fork. Place the curl on a plate and work remaining dough balls similarly.
Heat about 1-inch of oil in a deep, straight-sided medium skillet or heavy-duty saucepan on medium heat until it reaches 350 F.
Fry the kulkuls in batches to not crowd the pan (about 6 or 7), making sure to adjust the heat as needed to maintain the temperature, turning them often until light golden brown color, 2 1/2 to 3 1/2 minutes total. Transfer to a paper-towel-lined baking sheet with a slotted spoon as they become done.
Put granulated sugar and water in a medium saucepan on medium heat. Cook until sugar is dissolved and the mixture is syrupy, 4 to 6 minutes.
Add cooled kulkuls to sugar syrup and coat well.
Remove from the syrup with a slotted spoon. Let the curls sit on a serving platter until the sugar dries and forms a coating on the kulkuls.