Heat the cooking oil in the cooking pot or pressure cooker.

Sauté the onion and garlic.

Add the beef. Cook for 5 minutes or until the color turns light brown.

Add the dried bay leaves and crushed pepper. Stir.

Add the liver spread. Stir.

Pour-in the tomato sauce and beef broth.

Cook the beef until it becomes tender (about 30 mins if using a pressure cooker, or 1 to 2 hours if using an ordinary pot).

Add potato and carrots. Cook for 8 to 10 minutes.

Put the green olives and bell peppers in the cooking pot. Stir and continue to cook for 5 minutes more.

Add salt and pepper to taste. Serve hot with steamed rice and enjoy