Dice, slice, or chop your shallot and garlic, set aside
Skin and wash the carrot, slice, set to side
Using IP, heat peanut oil, brown the beef, drain the juice, place the beef back into the pot, saute along shallot and garlic
Add in carrot, stir. Pour in enough broth.
Season with garlic powder, onion powder, paprika powder, chicken bouillon powder, Maggi, soy sauce, oyster sauce, white pepper powder and honey
Once the flavor is good enough to your liking, turn off saute, place the lid on, and choose stew.
Once cooked, release steam, and pour in cornstarch solution, stir to thicken
Serve with warm rice immediately