In a large bowl, toss together the steak, all purpose seasoning, garlic powder, onion powder, salt and pepper until well combined.
Heat oil in a large skillet over medium-high heat. Once hot, sear the steak for 3-5 minutes to get a nice brown color.
In a small bowl combine chicken broth, soy sauce, Worcestershire sauce, browning seasoning.
Pour the mixture into your skillet. Stir in the peppers and onions and add additional water, if needed, to ensure the steak is covered.
Cover the skillet and simmer on low for 20 minutes. Check the liquid level, and add more water, if needed, to ensure the steak is covered. Stir in the adobo, garlic powder, onion powder, salt, and pepper.
Cook covered for another 15 minutes, then whisk together cornstarch and cold water to make a slurry. Pour the mixture into the stew and mix until well combined. Simmer covered for another 10 to 15 minutes, or until the meat is tender. (The meat will simmer on low for a total of 45 minutes.)
Notes
Storage: Store leftovers in a sealed container in the fridge for up to 3 days. Reheat on the stovetop or in the microwave until warmed through.