The Spanish influence is evident in this classic Filipino beef stew with the presence of olives and bell peppers. Caldereta can also be made with chicken or pork.
Break up the liver spread (or paste or paté) and add it to the pan with the beef stock, sugar and bay leaves. Now you need to cook it until the beef is tender - you could do it in a stock pot or dutch oven on the stove top and this will take 1½-2 hours. Or you could do it in a pressure cooker which will take 20 minutes. Or you could use a slow cooker/crockpot and that will take six hours.
Oil for sautéeimg, salt and pepper to taste