Place the beef in a large pot, cover with water, and simmer for 2-3 hours, or until tender. Skim off any scum that rises to the surface.
While the beef is cooking, heat the olive oil in a skillet over medium heat. Sauté the chopped onion and garlic until fragrant.
Add the annatto seeds to the skillet and cook for a few minutes to release their color. Strain the oil and set aside.
Remove the cooked beef from the pot and reserve the cooking liquid. Add the peanut butter and rice flour to the cooking liquid and whisk until smooth, creating a thick sauce.
Return the beef to the pot and add the eggplant, green beans, and banana heart. Simmer over low heat for 10-15 minutes, or until the vegetables are tender.
Before serving, stir in the shrimp paste and season with salt and pepper to taste. Serve with rice and shrimp paste on the side.
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