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Step 1
Using a fine-mesh sieve, rinse shrimp paste under cold, running water to rid of excess saltiness. Drain well.
Step 2
In a wide pan over medium heat, heat oil.
Step 3
Add sugar and cook, stirring regularly, until sugar is dissolved and lightly browns.
Step 4
Add bagoong and cook, stirring regularly, for about 3 to 5 minutes or until color darkens.
Step 5
Add minced peppers, if using.
Step 6
In a small bowl, combine corn starch and water and stir until smooth.
Step 7
Add cornstarch slurry to the pan and stir until well-distributed. Continue to cook until the shrimp paste is slightly thickened.