In a bowl, combine fish sauce, brown sugar, minced garlic, and ground black pepper. Stir until the sugar is dissolved.
Add the thinly sliced carabao meat and massage it into the marinade. Cover and refrigerate for at least 2 hours, preferably overnight.
Drain the beef from the marinade. In a large pan over medium heat, add the marinated meat in a single layer and pour the water over it. Simmer until the meat is tender and most of the liquid is absorbed, about 30 minutes.
Once the water has evaporated, add the canola oil. Pan-fry the beef, turning occasionally, until lightly browned and fully cooked.
Serve hot, ideally with garlic fried rice and a sunny-side-up egg.
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Notes
Store leftovers in an airtight container in the refrigerator for up to 3 days.