Rinse the jasmine rice thoroughly in cold water until the water runs clear. This helps remove excess starch, resulting in fluffier rice.
In a medium saucepan, bring the coconut milk and water to a boil with a pinch of salt, then add the rice. Cover and simmer over low heat for 12-15 minutes, or until the rice is fully cooked.
While the rice is cooking, mince the garlic and chop the fresh basil. Toast the shredded coconut in a dry skillet over medium heat for 2-3 minutes, until golden brown. Set aside.
Heat the olive oil in a skillet over medium heat, then add the minced garlic. Sauté for 1-2 minutes, until fragrant.
Pour the cooked rice into the skillet and stir to coat it evenly with the oil and garlic.
Sprinkle in the toasted shredded coconut and chopped basil, then gently mix to combine the flavors.
Season with freshly ground black pepper to taste, and serve immediately.
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