Step 1: Heat the oil in a large heavy based frying pan over medium heat and cook the beef, in batches, until well browned and then transfer to a flameproof casserole dish.
Step 2: Add the onion to the frying pan and cook, stirring often, until well browned and then add to the casserole dish.
Step 3: Use a food processor or blender to blend the chilli, shallot, garlic, ginger, lemongrass, kaffir lime leaves, turmeric, salt, pepper and oil to a smooth paste.
Step 4: Return the pan to medium heat and stir fry the curry paste for 2 minutes and stir in the coconut milk, Kecap Manis, 1/4 cup water and cashews and bring to the boil.
Step 5: Add curry sauce to the casserole dish and stir to combine and then cover and cook over low heat, stirring occasionally, for approximately 2 hours, until the meat is tender.
Step 6: Garnish curry with fried shallot and serve with steamed rice and lime wedges.
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