01 - Place the jasmine rice in a fine-mesh strainer and rinse thoroughly under cold running water, gently swirling with your fingers, until the runoff water runs completely clear to remove excess surface starch.
02 - Transfer the rinsed rice to a medium saucepan. Pour in the coconut milk and water, then add the salt and sugar if using. Stir gently to combine all ingredients evenly.
03 - Set the saucepan over medium heat and bring the mixture to a gentle boil. Once bubbling, immediately reduce the heat to low, cover with a tight-fitting lid, and simmer for 15 to 18 minutes until all the liquid has been absorbed and the rice grains are tender.
04 - Remove the saucepan from the heat while keeping the lid on. Allow the rice to rest undisturbed for 5 minutes so the grains firm up and release from the bottom. Uncover and fluff gently with a fork to separate the grains.
05 - Transfer the coconut rice to a serving bowl. If desired, sprinkle the toasted shredded coconut and chopped fresh cilantro over the top before serving alongside curries, stir-fries, or grilled proteins.