Add all the ingredients for the syrup to a small saucepan. Heat over medium heat. As soon as the sugar melts and the syrup starts to bubble, turn off the heat. Set aside and let it cool.
Prepare the shaved ice using a blender. Make sure the ice is completely shaved.
Transfer the shaved ice to a bowl and add 2 tablespoons of syrup, followed by all the toppings. Serve immediately.
Notes
The syrup is enough for two servings of ice kacang. Every country in Asia seems to have their own version of shaved ice. This is the version I grew up eating in Penang, Malaysia.