Whisk chicken broth, fish sauce, oyster sauce, soy sauce, white sugar and brown sugar together until blended well.
Heat wok or large pan on medium high heat. Drizzle in oil then add chicken.
Stir fry until no longer pink (about 2-3 minutes).
Add shallots, garlic and Serrano pepper. Mix together for another 2-3 minutes until juices begin to caramelize.
Add about a Tbsp of the sauce mixture.
After about a minute or so, add the remaining sauce mixture.
Stir and cook for 3-4 minutes until sauce starts to Glaze onto the chicken. Remove from heat.
Stir in your fresh basil just until it begins to wilt (about 30 seconds). Serve over Jasmine Rice.