Rinse the rice through several changes of water using a strainer until the water runs clear. Soak the rice in cold water for an hour up to overnight. Drain the rice and add to a saucepan. Add in the coconut milk, water and salt. Bring to a rapid boil, then cover and simmer for 15 minutes. Check to make sure all the liquid was absorbed and then keep covered, turn of the heat and let steam. Fluff with a fork or rice paddle and serve hot.