I checked out a local furniture store down the main road going to the bay...apparently they buy the old pallets from the cargo forwarders in the port and make them into furniture..the grain looks kinda okay....they use pinewood which is more popularly known as "palochina" here...looks quite good and definitely a lot cheaper than hardwood! Now all I need is to practice my woodworking skills on some used pallets and make some stuff.
Here's what you can do with a pinewood (palochina) pallet...(from a buy/sell site in PH)
Looks like creativity is our only limitation when it comes to this